Let me introduce our OptionsFlowExtreme Gage, which we have been experiementing with for some time.
It measures the amount of extreme Money Flow events withing our Institutional Portfolio from a pure Options perspective. You add some filtering and adjustments and ..voila ...this is the result!
Observations:
- 11 out 11 spikes led to a bullish outcome over a period of 1-2 m (months)
- only 2 rally were shortlived or died too early
- 2 out 9 saw a deeper low before seeing the rally to gain strength
- the last spike was in mid May which projects out to mid June to mid July or even August
- the last spike was not a big one, indicating that this trading low in May was probably not the medium term cycle LOW
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