MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (11253)	4/16/1999 5:03:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Donald, i believe that the options market may give some clues as to what's happening here. as noted all week, there was this strange divergence of speculation in individual equity calls and heavy OEX put buying. conceivably the speculation in calls was concentrating on the usual suspects, i.e. the momentum stocks that suffered so much this week. i have noticed for instance that there is a lot more volume in options on netstocks lately than there used to be. you may remember that i mentioned that the cyclicals which moved up this week are the very stocks where open interest in puts is bigger than in calls. if this theory is correct we should see the nasdaq move up on monday, as the april options have expired today.of course i'm not really sure whether the market can really be manipulated to such an extent. it may all be old-fashioned rotation, since so many of the leaders were very extended. regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next