brian4 Posted December 17, 2002 Report Share Posted December 17, 2002 Guys and Gals- the p/c ratio closed today at .98 that is not bearish it is BULLISH it means everyone jumped on the put wagon-yup its going down next month probably around the 2oth-until then don't get CAUGHT in the crosshairs-the drawdowns on your capital are significant in rallies wether you are in BEARX (which is a very good fund )or not! Trade safe! (source:cboe.com/statistics) Link to comment Share on other sites More sharing options...
BearlyAlive Posted December 17, 2002 Report Share Posted December 17, 2002 Just got home and haven't been following the action if someone has already explained this. Why is the dollar blowing chunks tonight? It's been as low as 103.59 tonight, and is currently 103.66. That's somewhere around 50 cents below it's 4:00 pm close. Link to comment Share on other sites More sharing options...
sweefraapp Posted December 17, 2002 Report Share Posted December 17, 2002 Link to comment Share on other sites More sharing options...
slinger Posted December 17, 2002 Report Share Posted December 17, 2002 B4, you are correct about the Put/Call ratios being high. Looks like we have more pain tomorrow. Link to comment Share on other sites More sharing options...
The End Posted December 17, 2002 Report Share Posted December 17, 2002 Sweef, I'm glad you posted before me. I 've been told to cut half my longs at 930 spx tomorrow. We might not even get there, considering the $ decline. Link to comment Share on other sites More sharing options...
The End Posted December 17, 2002 Report Share Posted December 17, 2002 No matter what you think of Ralph Block, the man has been in the biz. fur 40 years, he says "don't pay attention to P/C ratios during scam week, SO, DON'T! :grin: Link to comment Share on other sites More sharing options...
PileDriver Posted December 17, 2002 Report Share Posted December 17, 2002 TE, you beat me to it. *** TRIPLE SCAM WEEK *** *** TRIPLE SCAM WEEK *** *** TRIPLE SCAM WEEK *** *** TRIPLE SCAM WEEK *** Anyway, one day p/c ratio is meaningless. Follow 21-day ma. Chances are good, given its scam week, that the pcr could drop tomorrow. Today's heavy put action while VIX dropped like a stone was obvious put contract op ex manip BS, per Rog over in intraday. Do not forgot the mighty and nasty 5 year H&S neckline looms large at SPX 950-960. So close I can smell its ugliness. Link to comment Share on other sites More sharing options...
Metamucil Posted December 17, 2002 Report Share Posted December 17, 2002 Buck has fallen out of bed and gold is on the move. 1425 Nasdaq is my upside target tomorrow; that should complete the shoulder. Similarly for SPX; maybe ~925. It's dangerous to not be short. Link to comment Share on other sites More sharing options...
brian4 Posted December 17, 2002 Report Share Posted December 17, 2002 The Dollar is getting cranked BUT the story is gold is up another-are you ready!!!-$1.50! Guys even if you go back 10 days the pc ratio has risen steadily and then wasn't scam week-as for Ralph Bloch-he may have been in the biz all that time but he is the same dork today he was then! Trade Safe! Link to comment Share on other sites More sharing options...
Guest Posted December 17, 2002 Report Share Posted December 17, 2002 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 $340 Link to comment Share on other sites More sharing options...
The End Posted December 17, 2002 Report Share Posted December 17, 2002 I repeat myself when under stress, I repeat myself when understress, i repeat. King crimson. Pit bull, Are you trying to make a point? Link to comment Share on other sites More sharing options...
brian4 Posted December 17, 2002 Report Share Posted December 17, 2002 GOLD-now up $2.20-something is up BIG TIME! Pit Bull-told you so! Trade Safe! Link to comment Share on other sites More sharing options...
brian4 Posted December 17, 2002 Report Share Posted December 17, 2002 spot gold now up $4.70! Oh mamma! Trade safe! Link to comment Share on other sites More sharing options...
mjkst27 Posted December 17, 2002 Report Share Posted December 17, 2002 just thinking out loud here, might the $ and POG smell a geoterrorpolitico event in the werks? Link to comment Share on other sites More sharing options...
Hypertiger Posted December 17, 2002 Report Share Posted December 17, 2002 If Gold doesn't stop rising it could be a bloodbath event in the making? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.