Thursday, October 13, 2011

Recognizing Bearish Divergence

Notice the higher highs is price but a lower high in momo during the second half of the day.  Conservative traders would take profits into those new highs and aggressive traders could take shots on the short side.

*Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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