On the OEX......
If the pattern of the last 7 weeks plays out the OEX should back and fill to 675ish, then resume the upward climb, to 705-710ish. This might very well be the short-term top of a trading range from 645-710ish. It's a broad range, 8-10%, but hey, why not.
Interesting note, not really but kinda, 7 of the top 10 most active calls are on AOL, 150 strike up, no big surprise there, 2 of top 10 most active puts are AOL, 5 of 10 puts are OEX.
Decision point has me all confused now, instead of approaching overbought with this rally, they have the TRIN moving closer to oversold?????????????
decisionpoint.com
I won't even mention that whacky p/c ratio, you guys have been all over that little mystery. I'm neither long or short the OEX since I missed my short entry this a.m. No more red wine on a monday night. heh heh heh, and DRAT!!!!!!
Oh well.
Cheers all,
D |
