Thursday, August 21, 2008

Where is the big money playing today?

Nothing significant so far. Quite surprised on the contrary that some of the big momey has been on the buy side like yesterday. Some intermediate short term covering. Not much action. With crude making big gains, and weakened dollar. Watch out for any sign of inflection point with further weakness in dollar.

Heres a new view I am introducing. From time to time in the day I make the 30minute chart with a filter of 100contracts or higher. It gives you an idea of where the bigger money is flowing. So far we @ 26k positive delta. Which is a very different picture from the general market delta @ 6K or so. Again thus far.

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