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To: Jack of All Trades who wrote (125899)11/8/2005 5:57:01 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
J., I don't look at the QQQQ OI. Q's and their options are to a large extent an institutional playground... and it's simply not always clear whether to fade them - or to play along... -g.

The index has been hitting against resistance, and grinding up, in a wedge-like manner... looks ready to pull back. My stops are tight here... the only way I can get hurt is if we get a huge gap up... but that hasn't been the pattern lately.. -g



To: Jack of All Trades who wrote (125899)11/8/2005 11:09:23 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
I see that Bernie Schaeffer is doing a similar analysis of SPY:

schaeffersresearch.com