Short Term Trading Member Forum

[Profit_Ace]

I read with interest that Mr. Wolanchuk of the famed newsletter postulates that the Wednesday before week of expiration is often a down day because hedge fund managers and other big players often roll over options on this day. The mkt proceeds to shoot back up rest of the week. Therefore, in that light, today's action maybe less malignant than it seems. As well, I notice from reading many boards that sentiment has suddenly gotten very bearish with many standing to the side as they fear a more precipitous drop ahead. To me that seems a very good contrary indicatior.