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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (14316)6/13/2002 12:29:05 PM
From: Threshold  Read Replies (1) of 36161
 
It's getting interesting. Max pain on the XAU is 75 and it expires tomorrow. Max pain on the QQQs is 31 and that is a week tomorrow.

Considering that they need to keep the XAU down around 75 until the end of this week, and will need to ramp up the rest of the market into next Friday as per usual, it may be just over a week before gold bounces really well, and it looks like we may get another leg down in gold next week.

Any thoughts
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