Options Wonderland

[*~1Best~*]

Very good, WB Do you agree?

Now, market is at resistances after the breakout as commented below.

For brain exercise: What do you think about Game Theory? I am seeing the same chart analysis which I was posting as a part of my market analysis. I have 1000s visitors on my personal website, so of course others are using the analysis I have posted as well. That is the game theory. At some point, any system will be nullified. btw, did you say your background is in computer engineering?

Good trades

http://clearstation.etrade.com/cgi-bin/bbs?post_id=7852105

http://clearstation.etrade.com/cgi-bin/bbs?post_id=7847560&usernm=estonia


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QQQQ traded above 45 breakout support and NASDAQ above 2475; therefore, the breakout is valid unless it is proven otherwise. For VST, however, as we can see on the weekly charts, QQQQ/NASDAQ closed at weekly upper "Price Channel" resistances which are strong, major resistances.

SPX closed with new high 1430.73 (12/15 1427.09) at the 1.5mo trading range top resistance which is 1438 which I commented on Dec 15, 06. I noted that 1430 +/- is the May breakout target.

DOW closed with new high 12556.08 (12600 +/-) which is close to relative breakout targets for SPX.

We have shortened Option Expiration during next week since Monday is holiday. Normally, I would be anticipating a moderate consolidation at the aforementioned major resistances; however, because of the significant bullish sentiment, I am expecting the week to be "Continuation of Breakout" unless proven otherwise. If market decides to consolidate during the week, I will make a note of it.


http://www.trend-signals.com/index.htm