Odd-Lot Short Sales on the rise

[chasinfla]

last few days' rally is on less breadth (but on higher volume)..fwiw.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=161600"></img>

 

[chasinfla]

the question is, will they be more or less complacent than they were in March?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=161604"></img>

 

[wan2BTrader]

Quote from chasinfla:

last few days' rally is on less breadth (but on higher volume)..fwiw.

Chas,
Do you mean a higher TRIN or just overall volume?

 

[chasinfla]

I'm sorry it took me so long to get back to you. I was using the TICK and the volume together, as opposed to the TRIN, which, honestly, I've never really paid close attention to.

The closing TICKs were decreasing, but the overall NYSE volume was increasing -- in other words, more stocks traded, fewer of them closing on the uptick.

 

[chasinfla]

speaks of the moment being pregnant.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=164734"></img>

 

[chasinfla]

the only thing I want to point out about this is the divergence at the bottom the possibility of divergence currently.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=164740"></img>

 

[trdrmac]

this is a good thread chas, look forward to the posts each week.

On your second chart, the 1.8 level on the ad line has proved to be pretty strong resistance. Now if you could just chart the BullSpeak of the talking heads each weekend we would have a complete picture.

 

[chasinfla]

One thing about that AD ratio: According to Marty Zweig, if that 10 day MA ever gets above 2.0 it's very bullish.

 

[chasinfla]

apparently that low level we saw last week is important, because sure enough the spoo gave up a little.

the odd lot shorts jumped on it , though.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=168687"></img>

 

[chasinfla]

I'm posting the AD ratio again. Recall the divergence discussed last week.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=168690"></img>