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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (6623)	9/7/2002 12:15:03 AM
From: mishedlo	Read Replies (1) \| Respond to of 30712

Augie Intraday numbers from CBOE have one H of a major flaw. They are CBOE only and not any other exchange. The only numbers from CBOE you can believe are OI numbers (open interest) at close of day. That is another reason I have a problem with P/C ratios. OI numbers tell the entire story. PERIOD! No one seems to believe this but me, which is just as well. Likewise, if everyone believed Jeff's retrace theory it would probably stop working. So after this rant I hope you understand my point. What is current max pain (yes new additions have potentially more weight) but we are not at that stage yet. This month looks more and more like "da boys" are gonna pin us very close to pain, or delta hedge a plunge OE week. Hopefully this is in sync with Jeff's viewpoint. M