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Strategies & Market Trends : IDIOTVILLE.COM -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (23)	5/30/2002 7:11:29 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 181

I haven't made up my mind on that. I see some hope dashing coming up before options expiration, but I would also expect to see the associated options bounce prior to expiration. But if the question is, "do we see another P&F buy sig on the comp?" I seriously doubt it. I think that the options influence is a pretty important thing to bring into the equation. Max Pain can be a good guide for what to expect as far as the stock direction before expiration. I think too many people get hung up in the idea that max pain doesn't work because a stock or index doesn't close exactly on the max pain point. The thing is, that it can cause selling or buying pressure that can be played.