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Non-Tech : Raptor's Den

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To: velociraptor_ who wrote (5400)	11/7/2002 10:28:45 PM
From: mishedlo	Read Replies (2) of 10157

This is my LOOK ahead at this time and on this basis I do intend to take profits during or before expiry if targets are met. I will step aside or lighten puts considerably. Comments on the following? ========================================================== I am considering the possibility of a drop to max pain then back up thru the end of the year in a very choppy fashion. Double top somewhere in dec/january? Another possibility is nothing happens in DEC. Chop up down and all around to end up a QQQ point. That might even make more sense. There are enormous DEC options, Puts below 25 and Calls above. Completely skewed. Lots of bets that we crash and lots of bets we blast off. hmmmmm Both are wrong? Favored scenario. We have a small up correction to this decline in DEC that frustrates the hell out of both bears and bulls making it very hard to trade. (Of course I am assuming we decline now but that is not guaranteed). Severe decline starts in Feb or late Jan as Bulls finally run out of cash to prop this pig up any further. Any Ewave support for this theory? It is pretty much based on the really skewed options. M

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