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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (10097)8/15/2001 11:03:42 PM
From: AllansAlias  Read Replies (3) of 209892
 
Too many people are looking for three things (all bullish):

1) Very s-t: "How soon before we bounce here to kill the puts?" The calls are all but dead but now we are uncomfortably close to a chitload of puts being in the money. This is the max-pain crowd.

2) S-t: "When does the runup into the FOMC start?"

3) Less S-t: "When do we get the bounce? The April lows will hold and a bounce will come."

I would think that at least one of these things will happen. Chances are very slim we'll see all three. Do ya feel lucky? -g
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