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Options
trading resources, advice and commentary
from Lawrence G. McMillan, best selling author and industry
expert.
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 Hear
Larry McMillan on Marketview Online Radio, interviewed by
Ike Iossif.
Click here. |
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Latest Interview.
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May 2005 Active Trader Magazine cover and feature interview
with Larry McMillan |
"I have received excellent value
from McMILLAN Analysis. I feel I get a unique perspective
from Larry's work. Over the years I have recommended the DVA
report to dozens of clients and associates. I know many of
them have become subscribers/readers as well. Keep up the
great work."
D. Bennion
"Your Weekly
Take On The Market is the only tool I trust to trade
comfortably in such a perverse game that perpetuates itself
by consuming the unaware quite so efficiently. Admittedly
lacking in greater mathematical stamina to make ongoing use
of seeing into a deeper truth hidden within a market
mechanism, I have grown to rely on how your calm, thoughtful
interpretation of certain contrary indicators reveal the
next meaningful and likely move is occurring just before
being made widely known to even the market itself. Quite an
impressive defense I might add."
A. Lee
Larry McMillan takes the
student into new worlds of technical analysis. In time, one
becomes comfortable with what McMillan calls "the predictive
power of options". And you come to understand that the VIX
and put call ratios can, under certain circumstances,
function as outstanding indicators with respect to stock
market index movements. Thus, the McMillan education leads
to a knowledge far beyond option strategies. The student
comes to see virtually every aspect of the stock market,
from its direction to its rate of price movement, through
the prism of options. And all the while, at every turn, Mr.
McMillan is present as a guide. This man deserves every
ounce of his vast professional recognition. The English
language has a word that best describes Larry
Macmillan......... Teacher.
G. Lenhoff
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Friday,
August 1st
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This is a Portion
of the FREE Weekly Commentary is a part of
a comprehensive weekly posting for subscribers of The
Option Strategist newsletter. Click
here to receive the full commentary free via email. Click
here
for Testimonials. |
Stock Market
There have been large swings in both directions in the last week. In
fact, of the last six trading days, five have seen $SPX net changes -- on
a closing basis -- of 17 points or more. Even so, it appeared that the
bulls were going to take charge, but they seem to have failed. After
the oversold rally which ended last week, the market pulled back early
this week, and then rallied. That pullback bottomed out at 1234 on
$SPX, there making a "higher low" (the low of the previous week was
at 1200). Then, on Wednesday (yesterday), $SPX rallied strongly,
closing at a new high for this rally, at 1282. That made a "higher
high" on a closing price basis, although not on an intraday basis. A
pattern of higher highs and higher lows is bullish for the $SPX chart.
However, that configuration was dealt a blow by today's negative
action -- thanks mostly to very negative comments by ex-Fed chief
Greenspan (the market had pretty much weathered early selling,
caused by worse-than-expected GDP growth). With today's pullback,
the $SPX chart looks more like it has even heavier resistance at 1280,
as opposed to what looked like a bullish pattern yesterday. But the
"higher low" is still in place, and there are some buy signals from the
technical indicators, so the bulls may still be able to take control.
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Forbes Magazine
Best of the Web Award, 2002 and 2004
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Chicago,
Oct 9, 2001
Lawrence
G. McMillan
Inducted
Into
Trader's
Hall of Fame
more ... |
Finalist
in the "2003 Readers' Choice Awards"
voted by readers of
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UPCOMING
ON-LINE SEMINARS - RESERVE YOUR SPOT TODAY!!! Give your
option trading the professional edge with our new on-line
seminars! For Course Schedules and Outlines Click
Here
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 Larry McMillan has authored two
best selling books on Options, including Options As A
Strategic Investment, recognized as essential
resources for any serious option trader's
library.
As president of McMillan Analysis
Corporation, he authors the "Daily Volume Alerts", and
edits and publishes "The Option Strategist", a
derivative products newsletter covering equity, index,
and futures options.
Recognized as an options trading
industry expert, serious investors have relied on his
insights, observations and recommendations for
years. | |
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