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Re: Myself °¿° post# 40700

Wednesday, 11/29/2006 1:49:35 PM

Wednesday, November 29, 2006 1:49:35 PM

Post# of 69601
If there is a W@G3, it would be to guess the Friday close of an index, rather than QQQQ. The idea would be to give people interested in trading weeklies an idea of the "range for the week" based on a distribution of W@Gs (sentiment). People use W@G1 and W@G2 as a barometer as they trade QQQQ options, I'm sure... same concept with choosing an index that trades weeklies... except the wrinkle would be to open a series of weeklies on paper and track performance... I think we are on the same page here...

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