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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (3118)	7/4/2002 1:32:09 AM
From: Lone Ranger	Read Replies (1) \| Respond to of 30712

Jeff, "the t- q reading". Is that the Nasdaq trin? Thanks in advance.

To: Jeff who wrote (3118)	7/4/2002 6:45:01 AM
From: orkrious	Read Replies (1) \| Respond to of 30712

jeff, I'm sorry if you've mentioned this before. what's the t-q reading. TIA ork BTW, good post. [edit] I see Lone Ranger asked the same question

To: Jeff who wrote (3118)	7/4/2002 9:58:03 AM
From: Dnorman	Read Replies (1) \| Respond to of 30712

Hi Jeff, do you think we will hit 1200 before July expiration?

To: Jeff who wrote (3118)	7/4/2002 11:25:40 AM
From: LTK007	Respond to of 30712

All i have witnessed is basically Hedge Funds/big brokerages flipping and ah churning, churning and ah flipping, in a "let's chop chop the tree down very slowly,action; so we can make money both ways as we trend down" kind of thing--and not one real rally have i witnessed. Max

To: Jeff who wrote (3118)	7/4/2002 11:49:59 PM
From: ajtj99	Read Replies (2) \| Respond to of 30712

Max Pain is coming up around the corner. QQQ Pain is still at 27, just a shade above 26. That's about 80-point above the current levels. MSFT pain is at 55 (now about 52.50) CSCO is $15 (now about $13), INTC is 22.50 (now at about $17.75). Whatever you call this run, we should have another drop to re-test the lows, and then a run up for Max Pain. After that, I believe we will begin our drop towards COMP 1200.

To: Jeff who wrote (3118)	7/6/2002 10:47:39 AM
From: Lone Ranger	Read Replies (1) \| Respond to of 30712

Jeff, I came back to reread your excellent post and especially after watching Bulls and Bears this morning. I can't believe the bullishness proclaimed by the panelists there. Personally I think sentiment is a huge factor in market moves. As you said, "most won't short down here....so it longs only and knife catching if you don't believe in the retrace..." This implies and rightly so, that there is some kind of bottom in place and people don't think it will go lower as it has has gotten so low now. What a joke! So many people still looking for tradable long rallies in a mother type of all bear markets, just after the greatest bull market rally in history is suicide for equity money. People need to really start thinking about preservation of capital as bullish sentiment in an objective bear market, just means a bigger crash is coming. That excellent post caused me to think through a few things and I think you're right on.