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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (173631)	11/18/2008 3:06:45 PM
From: The Freep	Read Replies (1) of 209892

Equity options players are near the "magic" 1.0 area. Unfortunately, index options players are also near the 1.0 area. I've found that in expiry week, individual readings aren't that helpful (okay, fine... individual readings are never that helpful unless they are extremes... but less so in expiry week, dammit). So in other words, continued lack of clarity and continued price driving down. Again... a selloff here is much clearer. This dribby drabby stuff could be your ED, but if it's anything else, it's far from bullish and merely prolongs the outcome, imo. Still, it was worth making coffee. And who knows, we don't sell off, maybe we end up green :-)

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