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Strategies & Market Trends : P&S and STO Death Blow's
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To: Win-Lose-Draw who wrote (26485)1/27/2003 7:35:49 PM
From: mishedlo  Read Replies (1) of 30712
 
One thing you must remember is that CALLs did not stop the advance in November.

If panic steps in, or funds are dumping because of outflows, or foreigners are bailing, puts or no puts we are headed down if volume is high enough.

They will worry about max pain in two-three weeks, not now, IMO.
In Nov, we touched it and blasted off straight up thru it. Perhaps in Feb we rally up to it (whatever it is at the time), and tank.

M
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