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Strategies & Market Trends : Classic TA Workplace
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To: ajtj99 who wrote (62262)12/27/2002 9:33:03 AM
From: AllansAlias  Read Replies (1) of 209892
 
No. I don't much care really. Since we have no way of knowing what the intention of a sale is, all we can do is use extremes in OI as contrarian signals. It works more than half the time and that's the best we can hope for.

My last saved snapshot of ORCL was from the end of August. Although there has been significant new OI since then, the P/c is unchanged at between .18 and .19 -- very optimistic.
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