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

To: t2 who wrote (40688)	3/13/2002 10:18:48 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

This comment above confuses me--actually it has puzzled me in the past. Are you saying that the stocks that are supposed to approach max pain will do so by Wednesday? What does that mean for the last 2 days? Do they break free from these levels; that is, are the forces that keep them near max pain reduced significantly. thanks. Technically stocks should close at max pain on Friday. That is the correct "technical" explanation. The Wednesday behavior is an "observation". Why be dogmatic in the face of facts? More often than not the most violent moves during expiry are on Wed. I have no idea why. This week it happened on Tuesday (a day early). My observation, is that thursday and Friday are usually fine tuning days. TYPICALLY there is little movement on these days (IF they keep us pinned to max pain). Typically does not always happen. If this rally is totally exhausted, then the tuesday and Wed drop COULD have been accompanied by delta shorting and letting the bottom fall out. That happened in February (to a small degree) as we hit pain on the nose on Thursday then dropped on Friday (or was it a drop on thursday and Friday). We could be in for a repeat performance, or we could stall here and stabilize for a couple days. I deem Max pain a success either way. One simply can not deny a rally from nowhere (once again) that unlike February exceeded max pain with a week to go. One can not deny a failure of that rally to hold in the last week and a subsequent plunge to pain or below pain on Wed of expiry. This action has been like clockwork for the 4th month in a row (with variations). Feb barely struggeled to get there and March overshot (from the depths of hell). M