What happens if instead of the smll specs buying puts the funds start to buy puts, not as a hedge, but in anticipation of lightening their positions?
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Dow is off while everything else is just flat on the day. After the dow losing over 100 points in 2 days it sure doesnt look like it on many many stocks.
A dow that wants to fall but a nasdaq and russel 2000 that want to make fresh highs for the year. I remember back when the stock market was on a drop towards 10,000 in July, many were saying it was really headed back below 10,000 and that any bounce should have been sold, well all those technical Indicators WERE WRONG. Many have there technical indicators back up and are saying these markets are headed alot higher. Could these indicators be wrong on the upside the same way they were wrong on the downside..
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