I missed the commentary from Viren today, but I held on to this email he had sent at the close on Tuesday.
Reproducing here …
|date||Tues, April 13, 2010 3:17 PM|
Some closing comments before I move..
Market Profile points to a move downward in next few
days.This is evident from the lower value established in trading today.
Option data though range bound btw 5300-5400, points to
a weaker 5300 PE as opposed to the 5400 CE.
So we may see break of 5300 PE OI, if not this week then
definitely next week.
My money is on the short side for my swing positions
in the short term.
April 13, 2010 3:17 PM
Hope to see you back soon, buddy!