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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (48943)8/6/2002 12:55:19 AM
From: mishedlo   of 209892
 
Pain dropped to 23 today (well 23.5 to be precise but it was a drop and call enormously outnumber puts at 24 and 25 and although 23 and 24 are a tossup, I prefer 23 because calls outnumber puts at 23 now).

High side is 24 not 25.
Low side is now 22+.
Actually for the most part we have just tagged pain before dropping.

One month we missed(June) and one month we kept going (the last CSCO "blowout")

There is no real options incentive for a rally here (except to QQQ 22+ 23-) and that is a weak one as there just are going to be more calls that puts that go ITM at 23.

M
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