InvestorsHub Logo
icon url

RCKS

05/15/08 2:53 PM

#29309 RE: chichi2 #29308

chichi2
Are you familiar with the Scanman Rule where if you get a day or more of heavy Put buying in the SPX 500 (Big Contract) of greater then 3-1 you will see a significant sell off within 1-3 days?
It does seem to work but this post is scanman rule in reverse. Check out my post to ajtj99 but essentially we have had above average Call buying starting with Mon. this week. Which may mean we have a large move up close at hand.
Lets say they breakout tomorrow and run up to 1440 on the spx or so.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29325517

http://cboe.com/data/IntraDayVol.aspx
icon url

chichi2

05/15/08 3:56 PM

#29316 RE: chichi2 #29308

NAS&SPX= +MMs. OEX>652 ALLbrokeMyResists=OEX650,SPX1420, Nas2520,exceptINDX13000.

Actually OEX real resistance peak was 651.13

it is now 3:56pm