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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (65781)	9/12/2002 2:32:17 AM
From: StanX Long	Respond to of 70976

Thanks Gottfried for the link and the MaxPain analysis. After reading the report, he says that MaxPain is a good indicator and in the best case a 12 to 2 hit to miss ratio. I hope I understood him correctly. Thanks Stan

To: Gottfried who wrote (65781)	9/12/2002 8:09:37 AM
From: willcousa	Read Replies (1) \| Respond to of 70976

Max Pain - Two thoughts - Using the target price is not an accurate way to gauge or use max pain. So long as the stock closes beneath the next strike above the target price it has been a successful predictor. So to get the value of max pain you must think about ranges rather than targets. Max pain must be expected to be broken any time the market makes a big move up or down.