Still, the correction seems contained - about 13 points. As stated before this kind of correction has not been out of the ordinary during up moves recently. If it gets bigger I will lighten up and cover.
Wednesday, July 28, 2010
Cancelled Limit Order
Subscribe to:
Post Comments (Atom)
4 comments:
Thanks for update.
From current view, I think we may see a rally tomorrow?
Tony (tellzhang)
quite possible, Tony
Compare with $CPC,$CPCI and $CPCE.
I found $CPCE represents the dumb money (retail traders) and $CPCI also OEX put/call ratio represents the big boys...A lot of big bullish spike or within that area in $CPCE leads sell off (like yesterday)...but bearish spike like today indicated possible reversal rally tomorrow. I am still learning the put/call ratio stuff from chart and your blog, and I would like to thank you for your replies and your blog to share this important information to me.
Regards,
Tony
I am glad you can benefit from this blog
a development that ususally gives me an edge is the divergence between the movements of the ratio and the market. just like tuesday.
Post a Comment