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Strategies & Market Trends : Ask DrBob

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To: shoreco who wrote (59189)5/9/2002 10:12:34 AM
From: stan_hughes   of 100058
 
shoreco - Spent quite a while yesterday re-reviewing max pain levels with that in mind.

MP didn't correlate all that well in April, but this month e.g. SPX is 1100 and NDX is 1300, strikes that are well within the current prevailing downtrend.

That means everybody on both sides can still get screwed here, even without actually requiring a change in overall market direction. Wall Street/CBOE market maker Nirvana.

IMO this increases the odds of a cautious controlled gravitation from here to those levels by expiry BWTFDIK. The battlefield does seem to be narrowing up though
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