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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (51064)	8/23/2002 9:23:23 AM
From: The Freep	Respond to of 209892

So, all that QQQ July 26 Call action yesterday? That 58K volume? Open interest only increased by 5K. In fact, the open interest ratio fro QQQ 20 to QQQ 30 went UP yesterday to about .69. This is lower than Tuesday's close, but HIGHER than Wednesday's close. Also, the open interest on just the 24-26 QQQ options rose to .56 from the .34 I noted yesterday. In other words, while there's still a lot of calls, there was also some profit taking and doubt. What's it all mean? Tune in next month for "the freep's 100% accurate hindsight answers." the freep