Yup! IMHO, the general idea.
In any case, markets never like disruptions or sudden moves and trend to price back to the average (specialists do not care about prices, they care about their fees: specialists -aka "commercials"- positions always are delta neutral).
If an average trend is up (or down), specialists delta neutral accordingly.
Will find a way to neutralize "industry-specific-normal-trades" and speculative positions. Own "hedonically corrected" net commercials position is the best I have so far. Must find a way to get an oscillator as: fast money in/fast money out. (and maybe extend tis to other commodities. Once you can identify fast money, the indicator could maybe be extended to other markets. Although all markets are specific.)
IMHO? ROFL, absolutely NOT "humble". Just added there should I be wrong <g>.
PS: As soon as an indicator proves valid, it stops working as everyone would use that indicator.
lvlamb a k a
Louis V. Lambrecht
Whenever you find that you are on the side of the majority, it is time to reform. (Mark Twain)
