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


To: Lone Ranger who wrote (10569)10/14/2002 12:20:53 AM
From: mishedlo  Respond to of 30712
 
Run SHOULD be over.

But remember we had a big runover in May before the huge dump.

Max pain needs to be watched closely here.

Close above 22.5 is very dangerous (but thay can always wack it later this week if they need to). March over-ran by 2 full points and gave it all back the same week and more.

May overran and stayed up until 3 days after expiry.

Thus, if the retrace is still on and we close above 22.5 look for blowoff top 2-3 days after expiry.

If we close below 21.5 most likely headed down. Close below 21 and kiss this baby goodbye IMO.

Close at 21.75 - 22 or so would leave the most people guessing.

M