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

To: ajtj99 who wrote (70948)	4/9/2003 1:48:43 AM
From: mishedlo	Read Replies (1) \| Respond to of 209892

Actually the QQQ are closer to max pain+- but the spoos are reasonanbly above (but the range is tought to read at 850-875) I doubt we get a downdise failure (barring terrorism) and I dout we get a strong move up (barring a stupid OE week rate cut). Thus..... a drift down (or a plunge and a snapback) would seem to be in order. Since we are this close to pain levels, there i s NO need for a tip of the hand so soon (unlike last expiry wed where we were hugely below on the spoos but moderately below on the naz). Reverse affect this month? To the downside? Seems unlikely cause we just are too close to pain levels. Slow choppy drift lower seems most likelly as they can lower VIX VXN and kill time quicker without a real hard dive. M