Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Jeffrey S. Lillie who wrote (1305)	2/8/2003 5:20:22 PM
From: mishedlo	Read Replies (1) of 11447

Jeffery, I am going to try to react. If we gap up and start running, I hope to get in on it. I cleared out almost all puts. Depending on how Monday goes, I may add some back. I will post some max pain targets should an attempt be made to head that way. There is no guarantee of it. Were it not for max pain, I would happily be short here with no worries. The time to worry about max pain would start about Wed. I sure do not want to buy calls and have us plunge to 800. The price and price action show no reason to go long IMO. None. A good cace can be made for taking profits I suppose, but guessing to go long has been wrong for weeks. Eventually it had to be correct, but from what level I am unwilling to state right now. Being exceptionally light in puts, I sure as hell hope it starts monday and runds to 865. I doubt 870 can be taken out on any rally attempt. M

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