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To: At_The_Ask who wrote (66933)2/20/2003 2:01:45 PM
From: NOW  Read Replies (1) | Respond to of 209892
 
wel, team work would require organization and commitment.



To: At_The_Ask who wrote (66933)2/20/2003 2:05:09 PM
From: ajtj99  Read Replies (2) | Respond to of 209892
 
Those of us who understand Max Pain know its meaning and influences. If you don't get it, it's just one less thing you need to worry about in the market.

I have found it an invaluable tool.

Last Friday Dow 8000 was Max Pain. Guess where we've been hanging out? S&P was 850. QQQ was 24.60 or so.

Here was my Max Pain early look from 2-weeks ago.

Message 18553362



To: At_The_Ask who wrote (66933)2/20/2003 2:13:10 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
I think the problem with this thread is you have to dig a bit as there is a lot of non-market stuff posted especially during these slow times, but its there.

As mentioned yesterday, I am looking at some QQQ feb 27's for kicks. The SOX is in the neighbourhood of where I thought it would die as per yesterday's chart...this is a far better retest of the neckline over the last two days has formed a nice ED at the top of this stick.



To: At_The_Ask who wrote (66933)2/20/2003 2:38:52 PM
From: mishedlo  Read Replies (1) | Respond to of 209892
 
ATA - I guarantee you I mention max pain in plenty of time. I also mentioned that I was worried about the buildup of puts in March which are even bigger. I got out of my IBM puts (2 points too early) because max pain was at 80. I got aout at 86 and the damn thing fell to 84. I was early back in at 89 as I was too impatient.

I believe I am here in time most of the time, but everyone is more interested in the wave count, that still suggested more down.

I almost always do a post a couple weeks before expiry, then one week before expiry (and that is the critical one).

M