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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Justa Werkenstiff who wrote (50338)4/11/2002 5:15:07 PM
From: ajtj99  Read Replies (1) of 99280
 
Justa, I'm not sure we're too far from support. I think SPX 1091, NDX 1300, and COMP 1697 are in the process of being tested. If those fail just before expiration, we'll have a sell-off at the end of the month that will bring us to new post Sept. lows.

That said, I don't doubt that's a possibility. I just think they're not going to get us too far away from Max Pain in the near term. Mish's eyeballs now have Max Pain at 34, 35, or 36. If it's at 34, that puts us at 1360 or so, which would allow a whipsaw going into the Wed before expiration and a drop into it.
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