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> Is there a way to know when Programs tend to kick in / or will kick in.
and
> short covering.
yes .. but the premium available to the public is calculated wrong in
realtime.
> I have seen this happen a few times ...and always in the last half hour.
nope - it happens / kick-in at critical PRICE level, not last half hour.
i.e. where everybody go short or sell stops are concentrated.
> On a different note...
> everything was weak, issues, volume, market leaders, tick was average.
issue - extreme oversold in intraday basis in the morning.
volume - do not confirm the drop after 1pm EST.
market leaders - NDX never make a new low like sp.
tick - ha, this thing is updated every 15 secs top, and calc on the
nyse issues only. it cannot detect rally based on the real big caps (NDX).
problem with betting on programs is that you better jump on the
boat early otherwise once the program is done ... the retracement
is also real hard and fast. programs last from 5 mins to something
like today's 30 mins plus. hard to tell the length as one will never
know who is doing the program :)
-Lawrence Chan
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