08/28/2012 Live Update

[Cobra]

well, guess that's it for today. I need dig a little before calling tomorrow. Thank you guys, I'll see you tomorrow.

[joe-gamma]

for next few days, was liking iwm BUT trans tend to have follow thru after large down days and they are just above the "NO SUPPLY ZONE" (thank DR AL), maybe not oversold yet,
GLTA

iwm829.png

CAVEAT
“volume by price” can be fickle
When u run it shorter time frame u get possibly distorted view of volume
Here u only get vol picture to mid july
Change time frame and it can surprise u

forgot to thank you for the reminder this morning...
could have been a great day for scalper today...

[EvilTrader]

well, guess that's it for today. I need dig a little before calling tomorrow. Thank you guys, I'll see you tomorrow.

Record high put-call ratio must have consequences.

Choppy until friday, then climax high then drop ? Drop by how many points ? Who knows ?

Many things to be factored in, including a presidential election in the worlds powerful nation.

[Harapa]

VIXIES Momentum Update as of Close of Today:
Hard to make a bull case from this table. Looks like traders are hedging before Bernanke's speech.