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The other reason for the resistance at 1215 is the OEX and the Exchange
composite ratios have neutralized removing the impetus from the options
arenas. 1.0 is dead neutral for the dollar weighted OEX. Thus, it can go
either way, up, down, sideways. It truely is a coin toss right now.
bobr
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 11:24 AM
Subject: Re: [RT] Intra-day market activity
> Bob, what's of greater interest in this trendiness, put selling or call
> buying? They are interactive, but they have their own divergences. Right
now
> the put selling has reaccellerated, and call buying has slacked a little.
Is
> this cutting too fine a line?
>
> 13:24 CT
>
>
> ----- Original Message -----
> From: "Randall Kurzon" <rkurzon@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 12:59
> Subject: Re: [RT] Intra-day market activity
>
>
> > Well we sure seem to be hitting overhead resistance. One of my
proprietary
> > oscillators says this move up will take a little break now- we'll see. I
> > show the next major resistance level at about 1220 and then at around
> 1225,
> > Friday's high. Anyone see a particular reason we should be stalling out
> here
> > (1214-15)?
> >
> > Randall
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
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