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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (49767)8/12/2002 11:44:49 AM
From: augieboo  Read Replies (1) of 209892
 
bcrafty, the following are snippets from an old post by Mish that I have archived:

"QQQ CSCO INTC MSFT are the ones to watch. QQQ and INTC seem to be the most reliable. If one can determine where those are going then one can make a better guess as to other stocks that one might want to cheat on (with say something like 15K open interest).

I like to see at least 20K at a single strike before it matters. 20K is normally reliable but the more the better.

MAX pain works best in a sideways or slowing trending market.

It will not be accurate in a panic plunge or a panic buy situation.

It will not work if there is huge news of some kind."
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