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


To: mishedlo who wrote (74492)4/8/2001 12:52:21 PM
From: 10K a day  Read Replies (2) | Respond to of 99985
 
OK dude, April. Where the hell am I.

(It's based on open interest. So somebody owns it.)
whether you choose to trust that data or not is your business. Thank god i'm not billing Medicare Or you could throw me in jail for being a month off.

The option markets are a den of theives. It's just a short term indicator of the dudes who are front running (or have massive gains left on the table). IMO.

My assumption is the underlying is totally manipulated in the short term. And everything you ever needed to learn about the NASDAQ singers you learned in Kindergarten.



To: mishedlo who wrote (74492)4/8/2001 1:18:01 PM
From: JRI  Read Replies (1) | Respond to of 99985
 
*OT* Mish- What's your take on the following: CHKP, QCOM, BEAS......

(I'm currently short all 3....although I 'spose we could get some further bounce here, all look broken on their charts (especially lower) to me- and are heading lower....CHKP, QCOM really breaking some key resistance this past week....and BEAS, having basically gotten all the good news out before earnings on April 23rd, and getting a 40% pop....well, I wonder how much further that can go...) TIA...