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Strategies & Market Trends : QQQ- Pure TA Discussion only

QQQ 635.77

+0.5%

Oct 29 4:00 PM EDT

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To: Topannuity who wrote (92)	12/27/2000 5:27:15 PM
From: Topannuity	of 95

"We have compiled data regarding total call open interest on the QQQ. Total call open interest at the most recent Nasdaq peak on September 1 stood at 173,333 contracts. Total call open interest today, with the Nasdaq 41 percent lower than it was on September 1, is 806,273 contracts. This is a 365-percent increase in total call open interest, despite the terrible price action. Option speculators have actually become more bullish as the Nasdaq crumbles. From our contrarian viewpoint, this data has decidedly bearish implications." schaeffersresearch.com

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