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To: ajtj99 who wrote (48954)	8/4/2002 10:39:47 PM
From: augieboo	Read Replies (1) \| Respond to of 209892

I don't expect this drop to get below 21 QQQ through Tuesday Okay, here's a scenario for you: [1] NDX drops to your low of 843ish on Tuesday; [2] Tuesday after the bell, Smiling John lays something really stinky. Q. Will Da Boyz be able to sell that as "already priced in," or will we go off the cliff again on Wednesday (and maybe the rest of the week)? BTW, if we do go off the cliff, it looks to me like the 785-805 region, (from 1996-1997), is the next support. home.pacbell.net home.pacbell.net

To: ajtj99 who wrote (48954)	8/4/2002 11:41:22 PM
From: mishedlo	Read Replies (1) \| Respond to of 209892

I peg Max Pain to be 23-24 Calls outnumber PUTs at 24 and so far this year, everytime that has happened rallies have hit a brick wall there. There are not enormous numbers of puts below 22-23. That is where the battle is. If call buying strike 22-23 happens in size Max pain will drop to 22-23 perhaps. Right now I would suspect that the previous pattern holds. That pattern is continued selloff, then some horsesh*t rally back up to the 23-24 area(on CSCO MSFT or INTC news) then down again. This assumes no change or little change in open interest for another 3-4 days. M