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


To: jjstingray who wrote (57043)4/26/2002 12:10:29 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 99280
 
JJ: Re: "Even with the breach of 1696? That could get us all the way down to 1619."

I see downside limited to 1650 for now.



To: jjstingray who wrote (57043)4/26/2002 12:34:52 PM
From: mishedlo  Respond to of 99280
 
Max Pain has already drifted down over a buck.
It was a solid 35 and now it is 34 with 33 and 35 close tossups.

No Max Pain reason for rally.
The only way we can be drifting down is
1) People buying calls all the way down
2) People taking profits on Puts on the way down

I suspect it will drift to 33.

M



To: jjstingray who wrote (57043)4/26/2002 12:37:58 PM
From: mishedlo  Respond to of 99280
 
Max pain has already drifted down over a buck.
It was a solid 35.
Now it is 34 with 33 and 35 tossup seconds.

No reason for a Max Pain Rally.

Only way it can be dropping is:
1) People buying calls all the way down
2) People taking profits on puts on the way down.

M