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

To: 10K a day who wrote (74493)	4/8/2001 4:06:16 PM
From: Eddy Blinker	Read Replies (2) \| Respond to of 99985

The say that competition is good for business.. impristine, Your post sounded to me like the echo coming from a distant planet to compete with me in the haunt for swindled money.A new and exiting way to fill the hours without suspense which are starting to become noticeable. at daytrader.cc Now my algorithm has another very interesting application. And that is to find out who on SI knows what he, she,it is talking about. And damask a lot of people here on SI who pretentiously sit on two chairs with their predictions and market knowledge.And of course it will show lots of other goodies. Now I know how incredible lazy people are to open up their minds to any other issues as sex and the market.But come up with incredible statements like " I know my wife, she would never cheat me " or "My father dealt with that bank for 20 years". The money moves at a differnt speed now and trading other peoples fantasies require new tools.Be honest how many times you heard on this threat "the charts" are not "working" as they used to be"? I am running the algorithm now since 01/04/00 and I will publish every detail except how it all works.People will be surprised what the Nasdaq market knows. Here is the page and I invite you to review it. I know I am making terrible mistakes in the English language so I don`t mean it that way. I mean seriously look at that "thing" with an open mind. daytrader.cc Enjoy, Regards, ED

To: 10K a day who wrote (74493)	4/9/2001 12:06:33 AM
From: mishedlo	Read Replies (2) \| Respond to of 99985

(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. Of course someone owns the option. The important question is who. IF we had the data as to who owns the option we would know exactly who was going to get screwed. If J6P is selling puts then the option boys are long those puts. What the hell do you think will happen to J6P? The stock will close below the put price and j6P will get assigned the stock, that's what. If J6P bought puts what the hell do you think will happen? duh???? The stock will rise and the puts will expire worthless. In both cases the open interest is constant. In either case in this example all you see are x number of open interest options on PUTs. BFD. Unless we know WHO has those contracts and WHO is long or short then the information is USELESS. That is why max pain sometimes works and sometimes does not. The answer is in who is long and short and that answer is not seen. Take a look at BA for example. Max pain is 35. Now that is a total joke. If you look closer you can see that there are 10,000 strike 35 calls and 10,000 strike 35 puts (at least there was the last time I looked). In this case I think we can see what is going on. Some institution sold deep in the money covered calls and protected themselves with way out of the money puts to boot. Someone is very nervous about BA IMHO, and unless whatever bad news is brewing out ther on BA comes to light BA will not be headed to 35 this month. So although there are 10,000 calls that "the option pits" would like to expire worthless IN THEORY, in actuality the opposite will happen cause the pits IMHO are long those calls. The seller of those covered calls does not give a hoot either way. So do you see how totally BS this all is when one has to guess who the F is holding the option. No, all we see are 10,000 strike 35 calls. Well without closer analysis this is totally useless. This is why all this garbage about put/call ratios is useless. I bet more selling of puts is done now than in the past. So put call rations can get excessive YET still mean absurd in bullishness. As to the option pits being a den of thieves. Of course it is. Totally. If they had to disclose whether they were net long or short it would be a different story. We would know just what to do. M