Comments on: THE OVERBOUGHT CONDITION COULD BE REASON FOR BULLISHNESS http://pragcap.com/the-overbought-condition-could-be-reason-for-bullishness Sun, 12 Feb 2012 13:32:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: tradeking13 http://pragcap.com/the-overbought-condition-could-be-reason-for-bullishness/comment-page-1#comment-6271 tradeking13 Tue, 22 Sep 2009 18:52:25 +0000 http://pragcap.com/?p=9354#comment-6271 Seems he forgot a few other data points in his "analysis". http://www.tradersnarrative.com/what-happens-this-far-above-the-200-moving-average-3007.html Seems he forgot a few other data points in his “analysis”.

http://www.tradersnarrative.com/what-happens-this-far-above-the-200-moving-average-3007.html

]]> By: merrick http://pragcap.com/the-overbought-condition-could-be-reason-for-bullishness/comment-page-1#comment-6263 merrick Tue, 22 Sep 2009 15:41:26 +0000 http://pragcap.com/?p=9354#comment-6263 left wing democrats are traitors decided to destroy this countries fredom. left wing democrats are traitors decided to destroy this countries fredom.

]]> By: Rob http://pragcap.com/the-overbought-condition-could-be-reason-for-bullishness/comment-page-1#comment-6261 Rob Tue, 22 Sep 2009 14:04:31 +0000 http://pragcap.com/?p=9354#comment-6261 There is unusual action in the SPY. It started trading below the .SPX yesterday for the first time in months. Even today with the market up about 0.5% on a weak dollar, the SPY is continuing to trade below the SPX but just slightly. (e.g. SPY 106.78, SPX 1069) Since mid July the SPY has been trading between 1 and 4 points above the SPX (e.g. SPY 104.05, SPX 1037) I assume that this means that buying of the index has been stronger than the underlying stocks while the market has been going up. Since the SPY is now weaker could that mean that more people are starting to sell the SPY short as a hedge or even a naked trade? Am I reading to much into this? There is unusual action in the SPY. It started trading below the .SPX yesterday for the first time in months. Even today with the market up about 0.5% on a weak dollar, the SPY is continuing to trade below the SPX but just slightly. (e.g. SPY 106.78, SPX 1069)

Since mid July the SPY has been trading between 1 and 4 points above the SPX (e.g. SPY 104.05, SPX 1037)

I assume that this means that buying of the index has been stronger than the underlying stocks while the market has been going up. Since the SPY is now weaker could that mean that more people are starting to sell the SPY short as a hedge or even a naked trade?

Am I reading to much into this?

]]> By: James http://pragcap.com/the-overbought-condition-could-be-reason-for-bullishness/comment-page-1#comment-6256 James Tue, 22 Sep 2009 07:46:13 +0000 http://pragcap.com/?p=9354#comment-6256 The consciousness is beginning to change. A few months ago nobody would say this and everyone said that we would have a MAJOR correction. Now people are beginning to say that pull backs will be shallow and we will move higher. Bullishness is still not extremely high for a crash though. The consciousness is beginning to change. A few months ago nobody would say this and everyone said that we would have a MAJOR correction. Now people are beginning to say that pull backs will be shallow and we will move higher. Bullishness is still not extremely high for a crash though.

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