Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lone Ranger who wrote (11632)	10/18/2002 9:45:48 PM
From: mishedlo	Respond to of 30712

By my definition Max pain did not fail this month. INTC MSFT QQQ CSCO all touched max pain this week. Thus it was a success. The rally that led to max pain continued into a derivative meltup that went well beyond pain (unfortunately to the shorts). My Max Pain theory suggests only that max pian will be reached. It does not state what happens after it gets there. TYPICALLY it reverses but this is the second time it did not. I warned about this and said a close above 22.5 was ominous for the bears. It was. The last time this happened was May and we contimued for two more days after. Then we had the summer collapse. Will this be a repeat? Do not know. Jeff's retrace might have better insights. M