we'll see 1102 tomorrow
- Thread starter riskarb
- Start date
Quote from manz66:
Congratulation!
Let see if I can find out what 'indicator was screaming'.
Trin average usually at 1.5, but in March it crossed 2.7 and was bouncing around 2.6 to .50. Yesterday it was .70, so, there was good chance of a bounce.
Chaikin Oscillator was around -700 very low, so again bounce is possible.
cci was -300 so bounce possible. You can go through all the typical indicators, it will give you same reply
Then we have elliot wave, fibonacci, pivot analysis, gann angle and support/resistance, etc.
But, it does not tell or predict that 04/25 market would bouce. Riskarb must have some crystal ball or cojones to call openly like that.
Another possiblity riskarb got inside information that economy grew at 4.1% in 4/24, and rest of us got it at 4/25.
LOL, nice deductive reasoning. It's a neural-net developed with small input layer. I use it primarly to predict my short-gamma hedges -- it helps to get in front of my position's gamma-accumulation. Occasionally, it produces a 90(10) reading in which I will take a sizable directional bet. The goal is to replicate an experienced tape reader in a swing-trading time-frame. It has limited applications for long-gamma options trading, as the hedge parms aren't very discrete -- hence I use it to front-run my short-option hedging.
Today was sweet guys, seems like a lot of ET went long today, good on ya.
No inside info, not that I wouldn't trade the sh*t out of it.
riskarb
I believe you follow market-makers. They went into year-end with short gamma positions, which resulted in rising implied volatility. You predict through:
realized volume > implied volume = go long gamma
realized volume < implied volume = go short gamma
and swing formula. Thank you for the reply.