The Down Move Has Started

Has anyone looked at skirts for this year?
An experienced trader friend of mine said of all the TA indicators he has ever read about, the correlation between hemlines and the market seemds the most reliable.
 
held my breath for 6 hours......guess the markets aren't listening to your call to dive yet....good thing you had breakfast no feast yet this weekend
 
Quote from matgallis:

no chance of selling before opex. MM's have their positions on lock and will continue to sell/buy against their positions to hedge properly until opex.

Forum is bearish again, time to buy calls!;)
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i don't believe the option guys can control the market two weeks before expiration and keep it in such a tight range. my rational is that if the option folks were responsible than we would have seen this type of behavior before many expirations. yet, this is not the case. whom to blame i have no clue. :confused:
 
Quote from shortie:

i don't believe the option guys can control the market two weeks before expiration and keep it in such a tight range. my rational is that if the option folks were responsible than we would have seen this type of behavior before many expirations. yet, this is not the case. whom to blame i have no clue. :confused:
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option writers trade against their position. As delta moves around they adjust how much they're short/long the stock. So they don't control the market, but they influence it :p
 
to me it seems the longs show no resistance at all today. what's going to happen EOD?

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Quote from shortie:

the slaughter postponed until tomorrow?
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LOL! Good pic!

Are you one of the guys doing the killing on that picture? The guy with the long knive is determined to get a return on his kniving!

:p
 
Quote from riskfreetrading:

LOL! Good pic!

Are you one of the guys doing the killing on that picture? The guy with the long knive is determined to get a return on his kniving!

:p
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i am more of a watcher. just hope to lick some of that tasty blood from the ground - good enough for me. :p
 
Quote from riskfreetrading:

Readers of the financialtraders blog sent me emails asking what I think of this market. Some of them are from ET (sorry I cannot answer all of you individually via emails--but I have been answering a couple chosen "randomly"/based on topic).

Here is my thinking which I have not posted yet.

This afternoon's lower move was slow but systematic. This is indicative of systematic selling. With the bears and (the last?) bulls looking at each other's eye, a defeat of bulls is bringing the fast larger moves back to town.

Tomorrow should be a critical day. If it sinks, the situation is clearer. If it goes up at open, I would be looking for a spot to short it, in anticipation of a red thursday.

A possible trigger: June futures investors start closing their profitable longs because expiration is next week.

What do you think? What would be the trigger?
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One big down day after months of a rise and weeks of flat ranges may say something but certainly not enough to make a prediction about what the market will do in the coming weeks.

Trying to be the first one to call the next great fall?
 
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