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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (17841)	6/18/1999 8:17:00 PM
From: pater tenebrarum	Respond to of 99985

Bobby, i don't know where the data come from - but according to the CBOE, put open interest on OEX options increased by 15,000+ contracts on wednesday and 21,000+ contracts on thursday, which is why i took the PVI signal as a buy signal. increases in put o.i. were accompanied by liquidation of call o.i., all of which is bullish. of course expiration week distorts these figures somewhat, in fact i always mention the influence of expiration on PVI. a truer picture will emerge next week with july as the new front month. since i follow the data everyday, even checking the options chains for abnormal patterns, i believe the data to be correct. regards, hb