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To: yard_man who wrote (223302)	2/21/2003 6:22:31 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Tippet if there was a 100% guaranteed play I would be infinitely wealthy. All I can do is lay out guidelines. Within those guideline you either make a play or not. You are asking me for a 100% play. Well there is no 100% play based on TA, FA, MACD, RSI, CCI, stochastics, BPCOMPQ, Max Pain, or any other of 1000 things that people might trade off of. It is another TOOL not a cult philosophy. For example: I had IBM puts from 82. I covered those at 76 knowing max pain was at 80. IBM further fell to 84 and I felt like an idiot. Two-three days later it was at 88.90 or so. I no longer felt so stupid cashing out at 86. But... I did not know whether or not to get back in near 89 or wait for 90. Now I feel stupid for getting back in when I did. But... You tell me, was I better off or not better off knowing where Max Pain was and taking some action. I really messed this expiry up to be truthful. But Some things I at least did better than if I did not know about it at all. You want perfection from it but that is not to be found. There is no perfection anywhere, in any system. If you have one let me in on it please. If you want a mechanical system, max pain is NOT it. It is subjective but far better than going blind. M