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Old 09-14-2007, 10:44 AM
Euchre Euchre is offline
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My take on SSI and the 'Guts' as I have coined it...
Quote:
Originally Posted by Black.day
Good stuff chaps. I'm never sure what sentiment is exactly in trading terms. From the SSI and the 'Guts' Report I get a distinct impression: What rises is to be sold and what falls is to be bought. What's you interpretation of trading sentiment?

If the majority are leaning in one direction go the other way. The reason I don't like the first # as much is when 1.7 say is the ratio and 55% are long well 45% are short so that isn't extreme- Its the "sentiment" the building of positions that tells me the "leanings" I like to see guts match to my potential Wave 3 sells/buys my system generates. Those are the juiciest.

FWIW- Cable gave it right at the NY close (not a time I trade.) Not to mention typically doesn't fall 150+ pips in that time frame. Let it go wait for next one.

Euchre

Flat for now made some pips on Euro but sloppy intraday for sure.


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