SPDR S&P 500 (SPY)

[bobjack]

HiYa 2bit, NDX R3 -- 6.9 Vol and 1.4 O/I P2C's tonight,
Be really "INTERESTING" to see what CME is in the morning.

NDX vol numbers at 1,142C and 7,880P (tonight) are really low compared to spx vol numbers at 118,533 and 264,842.
DJX numbers are low like NDX.

It seems reasonable that to really trust them, the SPX and CME really carry the weight, and the NDX and DJX are really much weaker signals, UNLESS they jump way, way above their "Norm", or occur with SPX or CME as confirming sigie's.

R3' don't work at all in an up trend, I learned that the hard way in 2003.

There were groups of them when we were tanking weeks ago.

There were several spikes down to 30.5 QQQQ between 3 and 4 pm, and the SPY's had lots of spikes down to 78.40 to 80.0 range between 3:50 and 5 pm.
good luck,
bobjack