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To: mishedlo who wrote (102311)	5/15/2001 1:06:27 PM
From: IceShark	Respond to of 436258

Yes, all in all, I would rather be on the right side of pain than not. I firmly believe it is less predictive than Allan's chart hugging lines. Way less predictive, since Allan actually makes a living out of his charts. -g-

To: mishedlo who wrote (102311)	5/15/2001 1:06:28 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

NVDA has fallen 15 points in a few day to max pain. Yesterday in fact it overcorrected and rose 4 points back to 82 today with pain at 80. Many many stocks fell sharply or rallied sharply towards max pain. I do not believe these can be discounted. Do not expect a perfect close. Perhaps the institutions bought these dips and will expire more of the puts or more likely (I hope) they went short on today's bounce enough to cover puts on further falls and the bottom will fall out now. Someone looking at the results on Friday may or may not see stocks at pain. The hedges are likely in now or will be in this afternoon or tomorrow. M M