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To: AllansAlias who wrote (48097)	7/30/2002 12:22:44 AM
From: mishedlo	Respond to of 209892

Well I made my point and I will stop. I was made an example of and someone picked the wrong target as if I am dogmeat. In general I think I contribute and whether or not this scenario plays out I believe I have and do offer possible insights. I think a decent way to play is buy pullbacks below max pain expecting a rally to max pain, or short spikes above it (I am more comfortable doing the latter). Of course Max Pain can change dramatically between now and expiry but that is what I am watching for. I will not make max pain plays to the long side this far out, but if we get above max pain I will leg into puts. M

To: AllansAlias who wrote (48097)	7/30/2002 12:27:40 AM
From: byhiselo	Read Replies (1) \| Respond to of 209892

twisted prose i'm guilty of but i never use dates and prices in my investment decisions g well the action today scared me, and i'm long fwiw otoh, my gut is telling me hold off shorts for now, this may have more up than many are anticipating if non-tech maintains some strength, they'll start chasing tech with a vengence imo (as in 3-4 days of 1200+ ticks on the naz) this is one wild and crazy market which i'm continually learning can never be underestimated, it will do exactly what you don't expect diabolique scenario: everyone is waiting to short a retrace to the h&s necklines, right? shorts begin to position in size as necklines are approached, we stall at or near the necklines, shorts begin adding to positions market then reverses and probes up thru the necklines, shorts begin covering and add to buying pressure...viola, h&s are invalidated (you heard it here first...g) cheers