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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (58954)11/7/2002 10:23:35 PM
From: mishedlo  Read Replies (2) | Respond to of 209892
 
Aj - I am considering the possibility of a drop to max pain then back up thru the end of the year in a very choppy fashion. Double top somewhere in dec/january.

Another possibility is nothing happens in DEC.
Chop up down and all around to end up a QQQ point.
That might even make more sense.
There are enormous DEC options, Puts below 25 and Calls above. Completely skewed. Lots of bets that we crash and lots of bets we blast off. hmmmmm
Both are wrong?

Favored scenario.
We have a small up correction to this decline in DEC that frustrates the hell out of both bears and bulls making it very hard to trade. (Of course I am assuming we decline now but that is not guaranteed). Severe decline starts in Feb or late Jan as Bulls finally run out of cash to prop this pig up.

Any Ewave support for this theory.
It is pretty much based on the really skewed options.

M