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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (48946)	8/4/2002 1:56:34 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

Shack, 24 QQQ seems to be a bit more entrenched this week than last for Max Pain. Furthermore, since I don't expect this drop to get below 21 QQQ through Tuesday, it may be difficult to bring Max Pain down to 23 this month. Furthermore, since the SPX Max Pain is within reach, they probably won't let that index get too far out of reach, keeping the QQQ from sliding too much as we can't have too much divergence here. Dow 8000 appears to be a fib of the high off the low of 7532. That seems a good target to look for in the next 2-days, IMO. That would also be a higher pivot low (the 2nd being the big swoon down to the 7900 range the day after the lows).