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+--- Thread: Stochastics Oversold (/showthread.php?tid=1363)
Stochastics Oversold - tarulestheday - 08-17-2012
I don't think I have ever seen IOC work off an overbought condition that quickly. Thanks shorts!
We clearly saw support yesterday in the $75 range. Now it's time to build support in the $80-83 range.
http://stockcharts.com/h-sc/ui?s=IOC&p=D&b=5&g=0&id=p17312414077
Interesting that amid all of the chaos yesterday, the options market maker still held up the OTM September call premiums. I know because I tried to buy some of the $100 calls for lotto tickets. A very wise old options trader once told me that the options market maker ALWAYS has more information than you do. The September options premiums are still signalling a big move up, and soon. I mean noos!
RE: Stochastics Oversold - admin - 08-17-2012
Interesting, tarules.
RE: Stochastics Oversold - Getitrt2 - 08-17-2012
Anyone know how much shorting was done yesterday or the previous two days?
RE: Stochastics Oversold - tarulestheday - 08-18-2012
'Getitrt2' pid='8406' datel Wrote:Anyone know how much shorting was done yesterday or the previous two days?
2012-08-15 36% short sales
2012-08-14 37% short sales
2012-08-13 45% short sales
Reported volume is only about 50% of total volume but is still a fairly representative sample.