Not to worry folks

areyoukidding? · Jul 21, 2005

Quote from EliteInterest:

does anyone who has access to such analysis know of the 'odd lot' shares ratio today? i bet it was higher than usual..... you know what happens when the 'odd lot' ratio peaks on the long side, right? (hint: small odd lot investors are generally wrong)

that indicator is no longer valid, along with the vix, investor sentiment and the Fed model.

p.s. it is available every weekend in barrons. prob wsj has it daily too.

Rickshaw Man · Jul 21, 2005

Quote from invaliduser:

Well, no late day rally but maybe the midnight crew can get the market where it needs to be.

Im not giving up, my stop in YM is @ 10630, sell order @ 10670. Still have plenty of time

jnhighland · Jul 21, 2005

Quote from Vince1:

A traditional idea is that the first 30 minutes of trading is emotionally driven ("dumb money") while the last hour of trading is based upon more reasoned analysis (institutional "smart" money). Lynn Elgert detailed the "Smart Money Index" in a Barron's article shortly after the 1987 crash++

2 days ago Yahoo! traded heavily during the last 30 mins., do you think that smart money bought YHOO expecting a good report, and then lose 10% the day after.

Was Yhoo moved by smart money or by fool's money?

EliteInterest · Jul 21, 2005

Quote from areyoukidding?:

that indicator is no longer valid, along with the vix, investor sentiment and the Fed model.

p.s. it is available every weekend in barrons. prob wsj has it daily too.

cool, thanks for the info. it would be nice to have access to it in realtime. i suppose it would require custom db analysis with a massive full market data feed, if one were to do it themselves. i heard it worked quite well on march 7, 2005 (as we hit major resistance perfectly on the S&P 500, no less).

Rickshaw Man · Jul 21, 2005

Quote from Rickshaw Man:

Im not giving up, my stop in YM is @ 10630, sell order @ 10670. Still have plenty of time

Hey I can sit here all day, I can feel the pressure building, it wants to go up.

ed_berk · Jul 21, 2005

Quote from Rickshaw Man:

Hey I can sit here all day, I can feel the pressure building, it wants to go up.

funny as i sit here and feel the pressure that it wants to turn down

sputdr · Jul 21, 2005

Maybe a change in the mkt.

At 330 exactly futures started down. Only a handle and a half but never the less.

Could shape up to be very interesting earnings reports and mkt in the coming days.

Good luck everyone.

dividend · Jul 21, 2005

Quote from jnhighland:

2 days ago Yahoo! traded heavily during the last 30 mins., do you think that smart money bought YHOO expecting a good report, and then lose 10% the day after.

Was Yhoo moved by smart money or by fool's money?

hehe.. good point.

Rickshaw Man · Jul 21, 2005

Still in this one, big support at 10630

ed_berk · Jul 21, 2005

Quote from Rickshaw Man:

Still in this one, big support at 10630

holding into earnings? i will be.....