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slow and steady

PostPosted: Thu Oct 13, 2011 7:12 am
by neilgin1
same pattern, the up's are slow and steady, baby steps really. Thats so good for the market.

i've noticed that on these recent up moves, the open interest has been going down. Sure, the recent sell off, we saw massive long liquidation, but me thinks , for the first time, no new shorts are being added. Maybe these guys, the bear ATM crowd, knows not to go the well again, except of course, when we near $50. thats the big deal.

Re: slow and steady

PostPosted: Thu Oct 13, 2011 3:33 pm
by ardorlan
what is ATM crowd?

Re: slow and steady

PostPosted: Thu Oct 13, 2011 8:50 pm
by neilgin1
the very large metal desks at certain financial institutions that can catch smaller investors, usually bulls and crush them on the Comex, its been their ATM for years now.