No Love for Monetarist Monkeys ~ The Risk Averse Alert

Wednesday, October 29, 2008

No Love for Monetarist Monkeys


Well, what do you think? We've got the most bullish Put/Call ratio since summer, and 62% of OEX open interest on the Call side...


$CPC

This is coinciding with yesterday's 5-minute RSI surge to a buy-side extreme, today's price-RSI divergence, and a show of no love whatsoever for a bunch of bungling monetarist monkeys...


OEX 5-min

Just don't you worry if things turn sour once again. Hopefully for the sake of bottom being somewhere nearby today's mixed bag, lower volatility treat becomes something of a new trend...


Fast Money
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.


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