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Actually, spoo is looking like it's ready to head north ... look at a 5
or 10 minute chart and draw horizontal lines to right from the cluster
of pivot highs in 1500 area (Sep) and you have a move through the
resistance zone along with strong OBV. Fits with the daily trend and the
bullish timing models ... liked it well enough to get long on the first
pullback.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 15, 2000 10:18 AM
Subject: Re: [RT] Re: Don't like where the spoo is going
> Assuming that the big players can control it, they'll shoot to
minimize
> the cost of in the money puts and calls so if option players are long
> calls they will tend to hold the price back until expiration, then
> rally. Easier to do in some of the other commodities where you can
look
> at option OI and see where the commercials will try to close on
options
> expiration day.
>
> Earl
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