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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (172038)6/12/2002 1:32:55 AM
From: mishedlo   of 436258
 
The methodology that has worked perfectly was to play for max pain to hit on QQQ MSFT INTC CSCO about 7-8 days in froint of expiry (On average the best day would be the preceding Thursday. Max Pain seldom changes much the last week.

This would have gotten you some great moves nearly every month. Cash out as soon as pain is hit. Many of these hit on Wed.

Wed was also a reversal day many months where we rolled over after the gasp up to max pain.

Check the charts and see.
This methodolgy has one in Max pain plays for anywhere from 4 to 6 trading days.

It has been a winner for months.
Unfortunately, most months I did not play it long, but I always got out of the way. Every month I would look and say how can they possibly rally this POS market that far that fast but every month I closed my shorts.

If I had any balls I would have loaded up on calls every month and made a fortune, but refusing to short stocks when QQQ was below max pain within a week of expiry has saved my ass many times.

Since MSFT CSCO and INTC (and of course QQQ representing the entire index) is gonna direct nearly every nasdog stock, shorting and holding crap when QQQ pain has called for a rally has been dead wrong for months.

M
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