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Strategies & Market Trends : P&S and STO Death Blow's
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To: Jeffrey S. Lillie who wrote (20023)12/13/2002 6:29:51 PM
From: ajtj99  Read Replies (3) of 30712
 
I agree, the initial drop should be contained by the area around 1347-1350. A bounce should take us back to at least 1367 COMP, and then it's decision time. Do we do a .382 re-trace from there to COMP 1411, and make a double top? That would get us high side Max Pain, but leave us a little lacking on the low side Max Pain, but not too much.

It should be interesting. I might buy 1350 COMP, but I'll be watching what to do at 1367.
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