ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Someone trying very hard to pull a rabbit out the 3rd time.
Curbing short sales on financials starting Monday.
http://online.wsj.com/article/SB121614248005255151.html?mod=rss_Page_One
http://online.wsj.com/article/SB121614248005255151.html?mod=rss_Page_One
If we cannot see a new high by noon, we will see 1240 and below by close.
spus rallied 60 points in 2 days from way oversold,rsi was 20,under 30 bullish,over 70 bearish,its at 49 now so still a ways to go on upside,at least 1273,we might sit here for rest of day,as they hold it in a safe range to collapse premium in short puts and calls,then start to rally on tue
could see 69 print today.
premum of puts is being sucked out of the market, look at the vix.
when someone writes a put, can partially hedge by shorting underlying, now as price of underlying moves higher, put owners capitulate and close out position, put writers no longer need hedge, unwind hedge by buying underlying.
premum of puts is being sucked out of the market, look at the vix.
when someone writes a put, can partially hedge by shorting underlying, now as price of underlying moves higher, put owners capitulate and close out position, put writers no longer need hedge, unwind hedge by buying underlying.
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