Tuesday, August 17, 2010

Expiry antics

This is expiry after all.

That stop clearing run was a push to the 50% Fib, but usually, in this "crack head market", the 61 or 78% is hit.    Time will tell.

The put call ratio was high, I wonder what today did to cause people to "cover".

This super spike ups are normally a sign of bulilshness, but the last half year, they have been simple concerted market manipulation by HBB.   And it seems this one was also.

The Cable (GBP/USD) was moving quite opposite of the SPX, which is amazing, considering that it was one of the best correlated FX pairs to the SPX.  

The wheels are about to come off the cart....IMHO.

No comments:

Post a Comment

Insightful and Useful Comment!