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'Heck wrote:Almost six puts for every call on Index opening long undervalued options suggests moar down she wrote
http://www.ise.com/market-data/isee-index/
Sounds like you've created a story or pattern where no one can be sure of either (hindsight bias). Sorry I'm reading stuff lately about biases and such so I notice it......jack black wrote:In retrospect, this was a perfect storm.
Institutions started to pull money in July, wars raging in Europe and middle east, Argentinian default, and finely some are front running the poor August seasonality. My guess is this mini correction will eventually be bought and this was not THE TOP yet.
Good info, but I searched for the “Cook Cumulative Tick,” and didn't find any good examples.fehro wrote:something I read a couple days ago... meant to post it.. but didn't get around to it..Out of Bounds wrote:-1288 TICK Whoa! You might see that at the open but not usually this time of day. Sellers are committed.
“The Tick readings I am seeing (-1100 and -1200) is like an accelerator on the floor that is pressed for an indefinite amount of time,” Cook says. “Eventually the motor will run out of gas. Now, anything that comes out of left field will create a strain on the market.” Since the CCT is a leading indicator, prices have to catch up with the negative Tick readings.
“Think of a dam that has small cracks that are imperceptible to the eye,” he says. “Finally, the dam gives way. Eventually, prices will go south, and the Tick numbers will be horrific.”
http://www.marketwatch.com/story/stock- ... genumber=1
This why I put "IN RESTROSPECT" part. I forgot to mention the tapering. But, the info was available to anyone and actionable, thus, I kept short positions recently. If you don't like my posts, put me on ignore list.L_T wrote:Sounds like you've created a story or pattern where no one can be sure of either (hindsight bias). Sorry I'm reading stuff lately about biases and such so I notice it......jack black wrote:In retrospect, this was a perfect storm.
Institutions started to pull money in July, wars raging in Europe and middle east, Argentinian default, and finely some are front running the poor August seasonality. My guess is this mini correction will eventually be bought and this was not THE TOP yet.
It's just the default RSI (14) on $NASIL_T wrote:I found this chart here: http://stockcharts.com/public/1130973/tenpp/1
Does this hold any water? just curious.
No need to be defensive, I point it out for everyone's benefit that they don't create causality where there isn't any. The market went down because that's what it does sometimes.jack black wrote:This why I put "IN RESTROSPECT" part. I forgot to mention the tapering. But, the info was available to anyone and actionable, thus, I kept short positions recently. If you don't like my posts, put me on ignore list.L_T wrote:Sounds like you've created a story or pattern where no one can be sure of either (hindsight bias). Sorry I'm reading stuff lately about biases and such so I notice it......jack black wrote:In retrospect, this was a perfect storm.
Institutions started to pull money in July, wars raging in Europe and middle east, Argentinian default, and finely some are front running the poor August seasonality. My guess is this mini correction will eventually be bought and this was not THE TOP yet.
Stock market crashes are like avalanches. There have to be underlying causes to produce stress in the markets in addition to be just overbought and overextended. I listed the causes in my post above. Then you have to have some spark to trigger the initial wave (some kind of shock/unexpected event). Then the selling if fueled by positive feedback. We have that now. Notice the breakdown of bearish flag that just happened.No need to be defensive, I point it out for everyone's benefit that they don't create causality where there isn't any. The market went down because that's what it does sometimes.