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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Meade who wrote (25480)	6/18/1999 7:57:00 AM
From: Patrick Slevin	Respond to of 44573

Generally it is more evident on Wednesday and Thursday although the pressure can be there on Tuesday and Friday as well. I've been reading McMillan for perhaps 5 or 6 years. He looks at O.I. on OEX and tries to determine what levels Programs would hit late in the day during Expiration Week. At the moment, for example, he thinks that Buy Programs would hit if the OEX was trading above 675 and especially if above 680. His play is a hedged one, however. Long June Calls versus Short September E-Mini in equal ratios (one for one, in other words).