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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (70458)4/4/2003 4:02:42 PM
From: AllansAlias  Read Replies (4) of 209892
 
(This is not directed at you jj.)

The OEX has closed now three days in a row within two points, and up day and two flat days. The related volatility index, the VIX, is headed for its 2nd higher close in a row. Folks, that ain't exactly screamin' sell.

QQQ option open interest is still too bearish. I don't think it has budged much in three weeks. April's p/c is like 1.22 and June is worse I think. If "everyone is long", then who are these few stragglers? -g/ng
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