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Strategies & Market Trends : MP - Market Pulse
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To: HairBall who wrote (1186)8/9/2001 11:47:49 PM
From: ajtj99  Read Replies (2) of 1328
 
LG, great call on the bounce off 1945 range today. That was not what I was looking for. I was out all day, so I saw it kind of after the fact.

Without a positive open and sustained rise, the downtrend was doomed, IMO. The selling was not quite exhausted, IMO, but next week is expiration, and it's time to work towards Max Pain, which could be at 2000-2040 or so, depending if it is 41 or 42 on the QQQ.
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