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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (50008)8/14/2002 2:34:22 PM
From: The Freep  Read Replies (1) of 209892
 
If I may just point out some obvious things here today: bonds reversed, dollar has popped up a little, the market clearly rallied, the put call has remained high all day, the VIX has dropped below 38 (coming very near the historical point of no return again), and max pain has been fulfilled.

While the bears say "well, max pain is done, now we can tank" it's important to remember that the corrallary is true as well -- we can rally.

There. I feel better.

the freep, scarcely being scarce
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