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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (60057)5/1/2002 6:15:08 PM
From: t2  Read Replies (1) of 99280
 
Mish, When you expect the rise to max pain start on the QQQs? Still looking for possibility it goes lower before it rises to max pain....I was holding out for 1620 to 1630. Maybe some of the traders are already starting to play the max pain numbers on qqq.

Still holding out hope for one more big drop before reversing; just need the catalyst; still think it is anticipation of Cisco earnings that pushes the market lower in the coming days before reversing in the last 1 1/2s weeks before expiration of options.

btw--p/c ratio over the past few days has been quite low given the declines.
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