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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (8488)	11/13/1998 10:11:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Tom, Just noticed something interesting. The DOW and OEX have been up all morning, and up stronger earlier this morning, but the VIX gapped up at the open by about a full point. Normally the VIX would move down as the OEX/DOW/SPX moves up. It implies that premiums of the OEX options are goint up, with implies that more people are buying puts today. Seeya

To: Tom Trader who wrote (8488)	11/13/1998 3:26:00 PM
From: GROUND ZERO™	Respond to of 44573

Tom, Nice trade on the bonds! I think they should be shorted, but I didn't. I think the dollar will probably resume its dominance over the Yen. The oil will not run too far, scaling in every 50 cents I believe will pay off nicely. I agree on the equities, the advance declines look flat while the indexes are running, not a good sign, but they're probably just working off a very overbought condition in rotation among the different groups. The oil stocks and banking stocks are especially benefiting from today's action. My a/d sum this morning was more than 10,000 advances over declines for the past 25 day, a decent number, but it can get to 20,000 or 25,000 before any serious top is in place. I'm still holding my longs. BTW, did you notice that the INX never quite reached down to the 1110 area, close but no cigar (if I can still use that phrase considering...) and to me this is a real indication of the market's relative strength, sort of like a lithmus test. GZ