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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (56566)10/15/2002 6:48:39 PM
From: Shack  Read Replies (1) of 209892
 
Ensuring that as many options as possible expire worthless

Certainly that was part of it. But we had some moderately climactic volume beforehand and a general public who was quite short (read Rydex). Yes I feel this is engineered somewhat, but its got a life of its own now given that we are way above max pain on many issues (QQQ, C, GE, MSFT being the most notable).

The public is excited again and although I expect a fresh decline will begin before the year is out, we may not break these lows until next year.
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