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Strategies & Market Trends : QQQ- Pure TA Discussion only

QQQ 632.08

+0.5%

Nov 3 4:00 PM EST

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To: Topannuity who wrote (55)	11/15/2000 7:44:00 PM
From: Sam Scrutchins	Read Replies (1) of 95

>>>> have you found the qqq moves consistently towards max-pain levels each month at expiry? <<<< I don't know. I don't have an historical database of maxpain to check. I intend to start keeping a log of it as of this options expiry. Since it represents a hodge podge of stocks, seems to me it would move towards max pain, barring market-related news (as opposed to company-related news). IQ Auto is showing 84 on the QQQ as max pain as of this evening. I am long Dec 86 calls since Friday and Monday with expectations of holding into at least the latter part of this week. I was disappointed by the Fed today, but liked the way the QQQ recovered late. I'm not sure what will happen tomorrow. Probably a lackluster day with the political and Fed-bias inflationary environment. Still, I don't see a lot of downward movement right now. Economic news tomorrow could help. Sam

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