Qs Weekly Progress Update

This is the weekly Qs progress update. I have revised the data field since last week's post and reconciled all prices to 10/1/2007 prices, thereby accounting for the fact that the Qs were $7.60 in 1992 and $84 in 2000, etc.
Regardless of which data field we utilize, it's clear that the Qs have had a great run so far and the historically strong weeks are just about to begin. The pre-expiration week weakness that was suggested by the VIX expectation model failed to materialize and the only looming threat to the continuing trend is earnings disappointment, a factor that cannot be taken lightly.