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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (60757)	12/3/2002 6:06:46 PM
From: The Freep	Read Replies (2) of 209892

Shack, there may be more puts than calls at 27, but look at 28 and 29, where calls outnumber puts by huge amounts. Therefore, there's no reason we should go up, either. We're still 13 trading days til expiry, and I don't see how we can launch an upward leg with all those calls from 25 and up, much as straight down from here seems unlikely. Some jello (or some tradable range) seems more likely for a spell. Or some more down then some sharp up? Or Max pain is skewed here at year end, as I know there have been a ton of December QQQ options for some time. . . . the freep

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