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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (36113)	3/2/2002 12:51:46 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Yes Max Pain can cahnge in two weeks but it is actually unlikely (for March) Hundreds of thousands of contracts for March out there on the QQQ's. Count me in the group tht say the major "correction" was accomplished in one fell swoop on Friday. "Da Boys" started early, but they had a ways to get to. OTOH since there are very very few options in April, April Max Pain will likely dramatically change in the next two weeks. What I hope is that Calls, tons of them are bought in the next two weeks. The more the merrier. If that happens, no doubt the VIX will plung as well and we will be both looking at an indicator that will suggest DOWNTOWN. The only piece of the puzzle that will be missing will be the Bullish% index and hopefully we get a "top" on that as well. M