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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (155040)3/8/2002 11:55:10 PM
From: mishedlo  Read Replies (3) of 436258
 
The big reversal is next week.
Look at all the PUTs toasted this week.
Simply UFB.
Max Pain was at QQQ 37 and thaey took that out with ease.

Looks like the boys overshot a bit.
Also note that people are so FN bullish right now that there were 20K QQQ March 38 calls bought today.
Let's party.

I say this rally is over or nearly so.
To trap more call buyers, perhaps we gap up on Monday with a selloff into the close.
Same Tuesday.
That should produce more call buying.
WED shopuld be the crusher. Gap down and drop.

Just a hypothesis but it will trap the most bulls now.

M
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