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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: jjstingray who wrote (29916)5/6/2003 11:21:52 AM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
jj, it's possible. However, lots of the stuff people have been citing only goes back 3-5 years, and lots of stuff that was ironclad a year ago is not working as well as it was. That's making me cautious.

At a bare minimum (no pun intended) we'll have to drop and consolidate off whatever top we get here this week. Max Pain on the QQQ is 27, and I think we get close to that by expiration no matter what happens.

That said, the count you posted looks pretty decent, and that 1162 NDX target seems do-able (actually, maybe 1157-1160).