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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (51462)	5/15/2002 12:30:24 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

This was sorta interesting.....so I stole it: To:Larry Dudash who wrote (67330) From: ajtj99 Tuesday, May 14, 2002 10:44 PM View Replies (1) \| Respond to of 67356 Larry, I'm bearish into Friday. If we fill the gap around COMP 1650, I'll be watching closely for indications of where we're going. Right now it appears at that point we'll find out if we either are going to test COMP 1832 or drop to test COMP 1560. I agree many indicators are pointing up right here, so I think we need to be aware of where we are (in the middle of expiration week) and aware of the objectives of the MM's (Max pain on the SPX is 1100, QQQ was 32) and take that into consideration when deciding where we believe the trend will take us. Since we've had this same ramp happen 4-months in a row going into expiration, you may also consider we've dumped 3-months in a row after expiration. If we do it again, we'll be 4 for 4. What about that trend?