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


To: Michael Watkins who wrote (51211)5/19/2000 1:11:00 AM
From: Square_Dealings  Read Replies (1) | Respond to of 99985
 
<<If options expiry happens to coincide with a benign day>>

Sure looks like we are approaching the apex of some symmetrical triangles here. Maybe another day or two and I agree its time to make the Big Decision <nervous g>.

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"Research has shown that symmetrical triangles overwhelmingly resolve themselves in the direction of the trend. With this in mind, symmetrical triangles (in my opinion) are great patterns to use and should be traded as continuation patterns." - from chartpattern.com



To: Michael Watkins who wrote (51211)5/19/2000 10:30:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Michael, re. VIX, since 4 front month options and 4 options of the month following the front month are used in its calculation, the erosion of premiums due to the nearness of expiration may have had to do something with the decline in the VIX yesterday.

regards,

hb