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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 19 4:00 PM EST

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To: Compadre who wrote (8329)	3/17/1999 7:12:00 AM
From: Ben Antanaitis	Read Replies (2) of 99985

Jaime, The Max-Pain&#153 effect is a second order effect, ie momentum generating events eg earnings releases, breaking news, Greenspanning, momentum buying/selling binges, etc swamp out the natural 'attractor' effect of the Max-Pain Point&#153. There is a warning about this in the detailed calculation example that is available on any of the Max-Pain&#153 analysis pages on my web site. The OEX has only recently been added to the issues being tabulated for later statistical analysis in the Max-Pain Point&#153 study. I update and post the graphs every Wednesday and Friday evening. Ben A. ez-pnf.com

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