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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.39+0.5%Nov 28 4:00 PM EST
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To: bobby beara who wrote (82393)11/10/2001 1:49:27 PM
From: t2  Read Replies (1) of 99985
 
bobby, thanks that very good explanation. I guess it is a matter of following the trend.
The P/C got lower as the market was rallying in April/May.

In addition, the p/c spike in September was higher than it was in April
...and maybe that means the drop in the P/C could also be deeper than what we saw in early May.
That is, getting those moving averages that are close to or lower than 0.60.

Do you know of some sites that offer commentary on the p/c trends and its relation to the market OR even some message board sites (like SI) that do this.
The other question I have is what does the COT look like these days? My hunch is they are betting we go lower.

BTW--Also I would really like to get a sense of how much of the call activity may just be covered writing and how much is speculative. That would be very interesting as I believe the level of covered calls activity has mushroomed thanks to this bear market (of course a lot of it done on the index options). If we exit this bear market (which I think has happened), this additional factor could result in a monster rally next week..as long as the news out of the techs reporting this week is neutral or bullish. I think they will be very bullish in their earnings and conference calls...I am convinced we are seeing a major uptick in the electronic goods market such as computers..and computers are the drivers of the semiconductor biz.
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