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Strategies & Market Trends : Classic TA Workplace
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To: ajtj99 who wrote (72858)5/5/2003 10:42:34 PM
From: skinowski  Read Replies (1) of 209892
 
Max Pain for this month is QQQ 27 and next month so far appears to be 26.50 to 27. Lots of time to whip people up and down and go nowhere.

OR:

Delta hedge by shorting hard the underlying - and forget the calls.

IMO, the benefit of the doubt goes to the bears - unless SPX 954.28 is taken out. THat would derail the "2 of 3 of C" theory for the October rally - and cancel the *impending* great wave down. We would have to expect more rally and ranging and consolidation instead. Perhaps, the BIG "B" - to 'correct' the entire bear market up to date.
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