seems to be a good thing:
http://tradingpicks.com/open_interes...
Open Interest - A confirming indicator
An increase in open interest along with an increase in price is said to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend reversal.
The relationship between the prevailing price trend and open interest can be summarized by the following table.
|
Price
|
Open Interest
|
Interpretation
|
|
Rising
|
Rising
|
Market is Strong
|
|
Rising
|
Falling
|
Market is Weakening
|
|
Falling
|
Rising
|
Market is Weak
|
|
Falling
|
Falling
|
Market is Strengthening
|
