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FUTURES MARKET TIMING SIGNALS: MEATS
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Last updated 8-5-04 |
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| SYM | TECH - LT | TECH - ST | SEAS | POWER | OI | VOLAT |
| LC: | Weak uptrend | Weak uptrend | Bearish Oct/N is dead ahead | Semi-bearish | Low | Unc |
| Favor downside setups or the sidelines. | ||||||
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FC: |
Very high | |||||
| Keep very tight stops on longs given potentially violent unwinding of the very high open interest. | ||||||
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LH: |
On a final rally pattern | Final rally pattern | Not reliable | Only supports a final ST "pop" | Very high | Very low & complacent |
| Keep very tight stops or hedges on any longs. The market is becoming very complacent with this rally. Note opportunities for both hedging and speculation with the very cheap options. | ||||||
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NOTES: |
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LEGEND |
| TECH - LT: Long-term technical picture, usually based on weekly charts |
| TECH - ST: Short-term technical picture, usually based on daily charts |
| POWER: Interpretation of internal market power |
| OI: Open interest analysis |
| VOLAT: Volatility analysis |
| Unc: Unclear or unremarkable |
| NA: Not applicable |
