Wednesday, February 14, 2007

Quick OEX Note

As I mentioned Sunday, OEX call options open interest had indicated that buy program activity would kick in fairly far above the level the OEX was perched last weekend. Lo and behold, the OEX is now up to 670. I think it has 5 more to go to touch off a serious round of buying. 5 more may still be a tough order, but getting closer.

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