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To: Shack who wrote (61948)12/17/2002 1:56:37 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
I pitched my longs, I'll wait till after orcl. Of course now they'll see the bottom..ng..



To: Shack who wrote (61948)12/17/2002 2:23:20 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Shack, I agree that max pain might not matter that much now, as it's Tuesday and we've basically hit it. Still, I find it hard to be terribly bearish with the banks refusing to budge. You still have them in a flat that's either done or about to be? Also I note the dow refusing to give up the 8550 level. It's been a tough level in the past, so if we're gonna bounce, it could come from here. And in the tiniest intraday wiggles, the latest decline looks unimpressive, so we either tank sharply soon or we go back to 8600 and re-evaluate.

the freep, not quite sure why you're so bearish



To: Shack who wrote (61948)12/17/2002 2:24:01 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
If we head up from here (starting this after/late afternoon)..would your preferred be that we are beginning a "c" of an a-b-c correction (off Friday's lows), and that upon completion, we head down again(completing A?)



To: Shack who wrote (61948)12/17/2002 4:11:42 PM
From: mishedlo  Read Replies (1) | Respond to of 209892
 
Anyway don't listen to me, I'm long Dec 27 qqq poots so I'm biased

Time premium is minimal so as long as we stay below 26 you should be fine.

Good luck.

OTM puts huge mistake I ythink but those could do OK

M