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Strategies & Market Trends : P&S and STO Death Blow's
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To: mishedlo who wrote (19058)12/9/2002 1:52:40 PM
From: t2  Read Replies (1) of 30712
 
Isnt this a complete reversal from your stance about 4 days ago?

Yes.
Not aggressively short though.

Last week was a bad sign. Bullish sentiment remained high even with the pullback was not very reassuring.

Just waiting for your max pain analysis as we get into the middle of the week. I am looking to see QQQs go well below with only a small chance of it bouncing back to 25 before expiration (my guess would be getting below max pain and then sinking further and further down...at least that is how I see it now<g>)
A close at the LOD should increase the odds of that happening.

btw--actually, I changed in part because of Arch Crawford's bearish predictions for December. He has been right all year.
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