Monday, October 17, 2011

Opex week

I was looking for a pullback last week and I was wrong. Maybe we'll get it this week. We are very far from the moving averages and need to let them catch up. Also this week is options expiration(opex). Look for pinning of strike prices all week. Will the Dow Jones pin 12k or 11k? Will the S&P pin 1200 or 1250?