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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (46347)	7/19/2002 11:17:23 AM
From: The Freep	Read Replies (1) of 209892

tip -- the reasons against a significant options rescue? QQQ max pain is 25. Okay, maybe we ramp up to it, but that wouldn't be huge, plus we've been hanging out there for two days now. S+P and OEX max pain are so high as to be not a factor anymore, imo. MSFT to 55? Uh. . . no. INTC to 20 could happen, though, and the SOX has been strong all day (not what one would expect if big down were here) Might still happen, of course. Also, a weekly Dow close below around 8250 would be out of its biiiig channel, and I don't think "they" will let that happen (if there is a they). the freep

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