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0.76% 7,921.3 s&p/asx 200

ring in tuesday., page-106

  1. farsight
    9,803 Posts.
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    20/12/11
    20:48
    Post #: 9467631
    The put call ratio plunged last night in usa, so lots of option traders covered their puts as the market fell and short term momentum indicators are overbought and hourly bollinger is in a squeeze. Interpretation: expectations of a rally from here are high, this is now short term support, and the fabled santa rally is nigh! Tight stops at the bb band and the pivot and the risk is low, reward looks pretty good.
    XJO Value at posting: 129.50
    Likes Created with Sketch. 29  Upvote
    lightbulb Created with Sketch.  Great analysis
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