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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (32790)	10/12/2000 8:31:39 PM
From: donald sew	Read Replies (3) \| Respond to of 42787

Haim, >>>>> MAX point in many indexes and popular stocks is well above current levels. Will not surprise me to see a 100 to 150 NAZ point rally. <<<<< Agree, right now Im biased to the upside but still about 70% cash. Dont get me wrong, but I do not feel that the selling is over yet and am no longer holding onto my position of a trading range.

To: Haim R. Branisteanu who wrote (32790)	10/12/2000 8:35:42 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 42787

Haim, In my statistical evaluation of the Max-Pain effect; once the difference between Max-Pain (option parity) and the current price gets more than about 4 strike prices no meaningful correlation was found. This may be due to hedging by MM's and hedge funds or the fact that market conditions overwhelm option price pressure. BWDIK Regards, Dave

To: Haim R. Branisteanu who wrote (32790)	10/13/2000 3:54:13 PM
From: John Madarasz	Respond to of 42787

Haim... I think you are correct Too many recent puts purchased to be in the money next friday. Dumb money will be buying early in the week,.. if so this will confirm another bear market trend/habit. Followers of Bill O'Neils doctrines will note that a follow through rally, usually on the fourth to seventh day after today's rally, will be needed to confirm this turnaround. The compx will need to advance at least 1% on greater volume than the previous session's volume on that day. I don't think it will happen because of options expiration. Thanks for the insight. Best Wishes for a good weekend. Regards, John