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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (9680)10/7/2002 12:27:13 PM
From: LTK007  Read Replies (1) | Respond to of 30712
 
SPX has now pierced the lower line of its most recent downtrend line 4 times. I can right now only see Max Rally to 850 area before the lower line is taken out. Commercials are overall short SPX/and SPX minis while small traders are very heavily long on SPX and SPX-minis. stockcharts.com[g,a]daclyyay[pc8!c13!c20!d20,2][vc60][iub14!la12,26,9!lp14,3,3][J6480463,Y]&listNum=1



To: ajtj99 who wrote (9680)10/7/2002 12:27:59 PM
From: Jeff  Respond to of 30712
 
for the timing cycle to work perfect....we want an options painted top by next wednesday-friday.....

whatever it is...as long as its a high....



To: ajtj99 who wrote (9680)10/7/2002 12:49:50 PM
From: Eric Jorgenson  Read Replies (2) | Respond to of 30712
 
Only a net increase of calls at QQQ 22 or above (or puts at QQQ 21 or lower) could lower max pain to QQQ 21 I believe.



To: ajtj99 who wrote (9680)10/7/2002 6:08:48 PM
From: mishedlo  Read Replies (3) | Respond to of 30712
 
21-22 is shaping up to me max pain IMO.
Need some more calls at 21.
We want puts bought for NOV not OCT and calls bought for OCT for this scenario to play out IMO.

Then a nice swoosh down to QQQ 18-19 followed by a rally back to QQQ 22-23 sometime in Nov.

Does retrace support this potential "pain" view?

M