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

To: venividivici who wrote (134384)	7/14/2006 9:52:44 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

If put OI expands relative to Call near expirey I would say the downside is limited as smart money expects a bounce, so sell premi... I would say the redction in puts is not a great sign for a move back to 38...

To: venividivici who wrote (134384)	7/15/2006 12:25:03 PM
From: wave3rules	Read Replies (1) \| Respond to of 209892

I think it was on this board that someone noted the 258,000 QQQQ July 37 puts that traded Thursday, now there was a expanded put ratio. Friday we had about equal for puts and calls. I am looking for one more leg lower on Monday then correction. Very short the Qs and have some of those high volume QQQQ July 37P along with SPY July 125P One item I am watching closely to short is the XAU, has really under performed gold and I expect gold very near the end counter trend bounce.