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Strategies & Market Trends : Nasdaq 100 Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (86)	4/24/2002 5:37:31 AM
From: Pigboy	Read Replies (1) \| Respond to of 238

Steve, One of the things I have noticed is that there are sometimes two prices (and maybe 3 sometimes) which are fighting for that months max pain number. I haven't looked at max pain much at all in recent months, but I remember that a lot of times there was not just one number to look at bc theres was often another price that looked like it was fighting for that 'max pain'. I used to just assume if it didn't find the #1 max pain level, it would surely find the #2 one (if they were very close). I dont know if this is true bc I never studied it (just assumed). i noticed in your table from the other day, for instance, that msft and qcom closed around 5 bucks away from their #1 max pain levels (thats a big pt. difference, obviously). im going to assume that the #2 max pain levels were the ones they closed very close to, but dont know (can we find this out?). i would think that the #2 max pain number is an important consideration/element to involve if you're going to try to eventually trade based on 'max pain'. but perhaps, it makes it entirely too complicated... i also wonder if a stock has a better chance to close near max pain IF there isn't another 'really' close #2 price. pigboy