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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (6542)9/6/2002 7:54:33 PM
From: mishedlo  Read Replies (2) of 30712
 
Jeff, your "goo" count matches perfectly with Pain.
Normally what we see is a weak rally to max pain that dies in expiry week and reverses back down.

Is that your call here?

The CALL positions at 23 24 25 26 27 28 29 are ominous (or should I say should be to bulls).

The one factor is 24 and that is determining pain right now.
An exhaustion rally to 24+ (can we get there?) would do it.
Ensueing delta hhedging could get us to 20 in a hurry.

GAP and FLAT today.
Strange.
Not seen that one for a while.
No buying power, but if the crooks "need" us at 24 and it takes gap ups to do it we will see those gap ups.
Otherwise exhaustion looks almost upon us already.
One last gasp up expiry week perhaps?

M
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