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

To: Jeff who wrote (9785)	10/7/2002 8:03:56 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Jeff, in September we needed Sept. 11 to get to Max Pain, and it was all downhill from there. I believe Max Pain was QQQ 24, and we hit 24.35 intra-day 10-days prior to expiration and dropped from there. June we missed, unless you count the ORCL 15-minute ramp the Tuesday of expiration week (when the COMP high was around 1560). I'm just pointing out that we have come up short one once in the past 4-months, and would have been short last month were it not for the closing of the markets on the morning of Sept. 11. If we get to within 0.50 of Max Pain at 22 (21.50) I think we might have to consider it was met, especially with the Bios near their pain at BBH 80 and CSCO near 10. I want a ramp over 1200 COMP, and maybe a pierce of SPX 775 will do it. The fractul chart indicates we may have a couple of small bounces rather than one big one.