Wednesday, November 5, 2008

COVER SHORT

94.65 bid now

11:39AM

PUT BUYING NOW = BULLISH = offsets bearish signal

2 comments:

Timothy West said...

It hit full profit, but I pulled the chute once I saw the HEAVY PUT BUYING. Here's the message folks: If you get a "1 hour signal" then expect that I can change my mind within that "1 hour" because that is all the time that is really implied in the signal. I realize I have other signals that are a 3-hour variety, but I just hoped to address the hypocrisy. 12:00NOON EST 94.28 last DIA

Timothy West said...

VERY TEMPTED TO USE THIS AS A "GO LONG" signal for DIA here.... The call buying and put selling in the first 60 minutes was followed by a heavy dose of put buying (which is bullish).

This is one reason why I am a bit nervous about being short is that the VIX is so HIGH overall and it could very well collapse back down to the 40-35-30 level this month, which would imply better liquidity in the market and likely higher prices,but not necessarily.

12:03PM EST