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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: Don Green who wrote (4705)5/8/2009 3:30:53 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Put/call is spiking to very low extremes. 10sma and 21sma are both lower than they've been in over 3 years. The market's gotta take those options players for a ride, the opportunity is almost too good to pass up.

Corroborating that, the NASI is at the highest level in 3 years.

Together, these strongly suggest a powerful downside reversal.
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