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

To: bcrafty who wrote (49767)	8/12/2002 11:44:49 AM
From: augieboo	Read Replies (1) \| Respond to of 209892

bcrafty, the following are snippets from an old post by Mish that I have archived: "QQQ CSCO INTC MSFT are the ones to watch. QQQ and INTC seem to be the most reliable. If one can determine where those are going then one can make a better guess as to other stocks that one might want to cheat on (with say something like 15K open interest). I like to see at least 20K at a single strike before it matters. 20K is normally reliable but the more the better. MAX pain works best in a sideways or slowing trending market. It will not be accurate in a panic plunge or a panic buy situation. It will not work if there is huge news of some kind."

To: bcrafty who wrote (49767)	8/12/2002 6:10:25 PM
From: mishedlo	Read Replies (1) \| Respond to of 209892

QQQ #1 INTC #2 CSCO #3 MSFT #4 QQQ hands down best single indicator there is (from about 7-10 trading days in front of expiry to about 3-0 days from expiry). If you can figure out those 4 you pretty much know where the overall market is headed. Typically the move towards pain starts 7 trading days before and goes to about 3 trading days before. At that point it may or may not reverse. Buying that dip under 22 was a winner. With FOMC tomorrow we may or may not reverse. If we do not reverse, and they buy the BS news out of FOMC, I expect a gap down (MSFT or CSCO downgrade on Wed perhaps). There seems to be too damn many index calls for a huge rally here and I am sure da boys want to contain it. If they can not contain a nonsense rally out of FOMC we might see panic buying and that will not be pretty for shorts. M