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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Patrick Slevin who wrote (1905)12/16/1999 11:57:00 AM
From: Ms. X  Read Replies (1) of 7434
 
OPTI is the Optionable Bullish percent. OOps, forgot you were a newbie :-)

What else do we condense...?
Sometimes we say "Main Coach" for the NYSE BP also "Dance with the one that brung ya..." - that's a reference to the NYSE BP.
OPTI is Optionable.
Piff is to PnF. I'm a Piffer, he's a Piffer wouldn't you like to be a Piffer too... that sort of thing.
We always use BSL for Bullish support line and BRL for Bearish resistance line.
Big Guy is Tom Dorsey.
You are familiar with the technical term "Poopy".

Internals won't be brought up again because it is too confusing and really doesn't help people. Counter productive. DWA keeps everyone informed with what exactly is going on.

Notice the rally in the Nasdaq like 4 seconds after the OPTI reversed? That always seems to happen. Cracks me up. There have been times we've been slammed for that but it always comes around to true. Although, the OPTI isn't meant to measure what the Nasdaq does as the NYSE BP isn't meant to measure what the Dow does. They are much broader than those markets. The Nas and Dow can move on singular stocks whereas the OPTI and NYSE BP see's everything. If the OPTI reverses it means most of the stocks are doing poorly even though the Nas might go the other direction because a couple of stocks are doing well. Gud ya?
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