Note that these are monthly charts.
SCI - OI down 4.3% -- to me its short covering. Only price action tomorrow will tell
ABGSHIP OI flat. And OI up quite a bit in previous 3 sessions. Some of them are pre-emptive shorts?
Wednesday, October 13, 2010
A tale of two Shipping stocks - let VWAP be our guide in trading
No explanations .. just pictures.
Note that these are monthly charts.
One last point. What does Open Interest say?
SCI - OI down 4.3% -- to me its short covering. Only price action tomorrow will tell
ABGSHIP OI flat. And OI up quite a bit in previous 3 sessions. Some of them are pre-emptive shorts?
Note that these are monthly charts.
SCI - OI down 4.3% -- to me its short covering. Only price action tomorrow will tell
ABGSHIP OI flat. And OI up quite a bit in previous 3 sessions. Some of them are pre-emptive shorts?
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