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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (11894)5/18/2004 9:56:35 PM
From: Tom Swift  Respond to of 12872
 
I'm working on it. I have a couple of new charts that I want to watch in realtime tomorrow. Note the scale change though - that's why it looks so different.

Three things to keep in mind:

(1) the MMs want the close to happen at the minimum (max-pain) because they have to close naked positions by buying or selling stock and max-pain is the point where they make the most profit,

(2) the program traders and hedgies want to roll up and down the slopes so that they can make money arbitraging and day-trading options,

(3) the true hedgers don't want to get called (they wrote covered options for income) so they provide resistance at the two tops of the well.



To: Trumptown who wrote (11894)5/18/2004 10:06:15 PM
From: Tom Swift  Read Replies (1) | Respond to of 12872
 
QQQ should gap up in the morning to 34.90-35.00 if the futures hold up. Hourly BB resistance is at 35.15 - then we will see.

stockcharts.com[w,a]ehclyiay[d30][pd20,2!b20!b50!b200!f][vc60][iut!lb5!la12,26,9!lh14,3!lf][J28413538,Y]&listNum=75