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well, guess that's it for today. Thursday tomorrow has no obvious bull edge (which is now the best bears can get). thank you guys, I'll see you tomorrow.
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quientuves wrote:OK. I'm afraid that ISEE index... can't be of too much use. It marks 77, which suposedly means more down ahead, and look that green candle!!
The average reading for All Indices & ETF Only is 52
Thanks, Royal Flush. That's even more bearish... isn't it?
May be I don't catch well the use of the index...
The ISEE All Indices & ETF Only Index is a C/P %, therefore if the average is 52% calls to 100% puts readings above that should be theoretically bullish, however I would not attach much significance to readings which are within twice or half of the average (<104%/>26%). So this morning's opening readings were mildly bullish and I would ignore the rest.
fehro wrote:SPX 15m mind the morning gap... should we be concerned with 1987 high today?.. with Wall street's dark humor.. with lows at 666, highs at 1987 (crash year)
I was just thinking this exact same thing...
And it closed at 1987 on the button. Interesting after all of those massive block trades to the downside on SPY today