So, uh, we have some LEAP options that are older than those Chinese gymnasts.  The word on the street is that they would’ve done even better this week, but some of them are still teething.

The NYSE $TRIN is around 1.30, a level we haven’t seen since July 29.  For context, TRIN readings of 2.00 (0.75) are generally considered to denote oversold (overbought) conditions.  TRIN pushed above 2.00 on that date back in July, and the markets moved significantly higher on that day and the day after.

ES futures are just now touching that rising trendline we started back on July 15.  These things often seem to play out with a fall below the “must hold” trendline or support level, only to vault back above.

Seriously, if this gymnastics stuff is legit, can we field a team of 8-year-olds for Olympic dodgeball?

Last 5 posts by Condor Options

• Midweek Sméagol Reading - August 20th, 2008
• More on The Correlation Game - August 18th, 2008
• August Monthly Review - August 17th, 2008
• Sleepy Nasdaq - August 12th, 2008
• Market Neutral, Not Delta Neutral - August 12th, 2008