Given the relative weakness in the blue chips, we might see them play catch-up to the broad market and continue higher into a Halloween turning point. This is the alternative scenario (an alternative to a 9th September high).
Under this scenario, we would see a peak above 10,000 on the Dow in ... Read More
OEX traders have a tendency to call tops with accuracy when they are pouring about twice as much money into calls as puts, which is the case right now:OEX $-weighted put/call @ Fri Aug 7 16:30:00 2009: 0.49 (calls: $15,450,700; puts: $7,602,179).QQQ $-weighted put/call @ Fri Aug 7 16:20:00 2009: 1.31 (calls: $5,731,420; puts: $7,532,570).Dollar volume ... Read More
