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

To: Jeff who wrote (6648)	9/8/2002 1:39:58 AM
From: mishedlo	Read Replies (1) \| Respond to of 30712

Trinq was not just under .30. Damn thing was under .25 80% of the day if not more. There is .30 and then there is under .30 for nearly the entire day. I think there is a difference but do not know how to apply it. THAT IS WHY I WOULD LIKE TO SEE A DAILY WEIGHTED AVERAGE TRINQ. I can tell you after several such occurances in a row, the top is usually in. Can it happen after 1? I suppose but it usually doesnt. Stochastics turning up, under pain, perhaps we have more up but I do not think if we do it is going to far. It seem probable that 1/2 of the rally happened on the damn gap up on Fri. Now we chop around for a day, down slightly, up a bit more for a few days while time premium on both puts and calls evaporates, then voila we are within a small gap up of pain, screwing both put and call holders at the most "popular" option targets. That was the "optimistic" scenario. ggg The pessimistic scenario suggests delta hedging short will kick in but that is a low probability event that so far this year only happened in June. M