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


To: Gersh Avery who wrote (48583)4/28/2000 5:04:00 PM
From: OX  Respond to of 99985
 
Hi Gersh,
actually the QQQ P/C trend (on 3 front months) have been trending down from around 5 a month ago to roughly 2.2 for the past few days.
overall QQQ P/C has not had such a dramatic decline... from +3 to 1.7 mid month prior to Ex and currently about 2

i won't have volume info till later, but my guess is its light across the board.



To: Gersh Avery who wrote (48583)4/28/2000 5:42:00 PM
From: Jerry Olson  Respond to of 99985
 
Hi Gersh

OEX looks very interesting too..

and we have a bullish triangle on the NAZ P&F chart...very very bullish...

i bought a ton of stuff at the close..CMGI looks awesome here...wonderful chart..

in fact, i can't remember so many triangles forming on major techs...

the fear is still out there...

regards OJ...



To: Gersh Avery who wrote (48583)4/28/2000 11:21:00 PM
From: NucTrader  Respond to of 99985
 
>>Huge amounts of put OI there<<
Some of which is mutual fund managers who can't afford to be left at the gate on NAZ longs (if they're to have any kind of performance) hedging their longs with QQQ puts. Which makes it a little less of a contrarian bullish signal,perhaps.....