Friday, September 5, 2008

Price at VWAP and mean

Price has come up to VWAP with a little buying by commercials.
The 100 contracts filtered chart has turned a +ve delta (7K). This makes it a dangerous selling at VWAP. The general Delta is still about -16K negative. So bigger money is slightly on the buy side (mainly covering). Mean is at 1224. With dynamic mean shoing a little shift upwards. So far it seems we might balance.

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