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To: AllansAlias who wrote (78528)8/6/2003 1:28:43 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Actually, the ideal scenario would have tech underperforming non-tech at this juncture, perhaps to the extent that tech has *already* hit its high, with one last gasp left in non-tech. If that unfolds, expect to see gains in non-tech over the next 5-10 days matched percentage for percentage by tech, instead of the usual beta of two for tech.

A choppy, 7% final leg up in SPX would produce a nice rounding top there, while 7% in NDX would just about take it up to establish a falling resistance line.

BC



To: AllansAlias who wrote (78528)8/6/2003 1:32:25 PM
From: marginmike  Read Replies (1) | Respond to of 209892
 
record short interest



To: AllansAlias who wrote (78528)8/6/2003 2:21:10 PM
From: mishedlo  Read Replies (3) | Respond to of 209892
 
1) Very high option put interest.

Not soure I agree with this.
In fact I do not agree.
We have reasonably high QQQ puts this month but that is it.
More calls athn puts on otherwise relatively light OI.
Next month (not that far off - OI drops like a rock on everything except QQQ and the big block of QQQ puts there is at 28)

Looking ahead thru the rest of the year, in general I see more calls than puts, and at higher prices with moderate OI after september.

M