Wednesday, September 24, 2008

10:17AM - Put/Call Readings are now coming in

at dangerously low levels, indicating "call buying".

Exit long. Go short. Risk 1 pt.

10:18AM DIA 108.45 now.

4 comments:

Timothy West said...

Odd, but put/call ratio went from near 1.00 indicating decent put volume, down to .37, showing heavy call volume. WIth VIX UP today, that means "call buying" = bearish... so lots of flip-flops this morning....

Timothy West said...

10:35AM - Ideal place to add to the position here. Double position, but keep the same stop. 108.48 DIA bid now.

Timothy West said...

10:35AM crude oil inventory #'s due

Timothy West said...

I haven't seen the oil inv # but crude went up sharply and back down in the last 5 minutes. 108-109.5 based on Nov contract. 108.3 last