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To: mishedlo who wrote (155145)	3/9/2002 5:30:47 AM
From: sun-tzu	Respond to of 436258

true, but we did get the intraday move friday that i expected. the surprise for me was the nasdaq's resiliency. as for the entire rally being over...not a chance. shorts should stand down until the flowers bloom in may. next weeks' tea leaves read down to me but nothing catastrophic.

To: mishedlo who wrote (155145)	3/9/2002 10:06:28 AM
From: orkrious	Read Replies (2) \| Respond to of 436258

The big reversal is next week. Look at all the PUTs toasted this week. Simply UFB. Max Pain was at QQQ 37 and thaey took that out with ease. Mish, I am going to start paying more attention to this max pain stuff. I was surprised in Jan and Feb the way the market gravitated towards max pain. I chose to ignore it in March and I got absolutely roasted in the bloated pigs known as semi equips. Do you have any statistics on max pain? What percentage of the time does it work? TIA ork