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

To: mishedlo who wrote (11629)	10/18/2002 7:23:38 PM
From: Lone Ranger	Read Replies (1) \| Respond to of 30712

mish, You may have already commented on this but I didn't comprehend it if you did. Did max pain fail this month? Looks like a lot of call options were in the money. tia

To: mishedlo who wrote (11629)	10/18/2002 7:25:06 PM
From: SGJ	Respond to of 30712

<<<Outflows are NOT contrarian. The herd is correct in the middle. Outflows have just really started.>> Agree as these indicate real $$$ movements, not sentiment. Also my comment about the paint this week. MM can and will buy and sell there own inventory at such times when it benefits them to do so, as in op ex. They stay on both sides of the trade to hold the price up. Any hits on the ask they get from retail buyers that stray into this web is gravy distribution. They can't do it forever, but can for a week. Partly explains the AH ramps and dumps then relatively calm price action for the day that we observed a few days this week IMO. Now watch us ramp to 1400 next week. <g> On candles, I am leery to give them much influence on my trading with the weird week we just experienced. Predictability:low imo. Btw I didnt add last half of puts today as planned...too busy at the office. Maybe I will do it Monday. Not feeling so bearish right now..<g>