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

To: bcrafty who wrote (58104)	10/30/2002 8:58:56 PM
From: mishedlo	Respond to of 209892

Ugh - A top twenty. C just recently made the list trading in excess of 20K options. Let me give you a simple relevance rule. 20K options minimum (at a single strike), perferably at multiple strikes. C barely makes that criteria but has made it 3 months in a row now and I am not sure it did before. Just check your favorite plays. The more the options the more reliable the indicator (and the bigger the "misses" due to delta hedging). C is not in a league with INTC CSCO or MSFT but for a DOW stock, it is up there. IBM is usually up there but this month it misses. So the list can and does change. If you figure out QQQ MSFT INTC CSCO you know where the Naz is headed. I have no such indicators for the S&P. The spoos do not have lots of options unlike the QQQ. JPM meets my criteria this month and has for several months. Just check your favorite and see. M