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

To: Justa Werkenstiff who wrote (14202)	11/7/2002 8:20:47 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Justa, the intra-day USD double bottom is just that, intra day. It does not have any long term significance other than it may get me my puts at a discount tomorrow. <G>. We don't do triple bottoms, so we know 103.54 will not hold, and the run from there was a sucker run since it pierced a line by .01. As for Max Pain next week, I just like more than one thing to rely on, that's all. Max Pain is nice, but it's nicer when everything lines up. This next leg down on the USD ought to take it to around 93 or so if this leg down equals the last leg. As for the NDX, the next real major support I see is 903.15, the bottom of the remaining gap from 903.15-906.08 NDX. The main rising support off the 10-10 lows also runs through that area late next week/early the week of the 18th. It might be in play at that time. It coincides with QQQ 22.50. If that happens, the turn on the 27th of November could turn out to be a high, not a low. Just something I'm keeping in the back of my mind.