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

To: SwampDogg who wrote (86220)	11/20/2003 5:06:05 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

fuddle -- on max pain and such... I think that we've basically hit pain during the last two days, and my understanding of max pain is that it's been "fulfilled" by this action. Don't know if that's true. And at the end of the day, if I'm bearish, I simply HATE the QQQ put position from 34 down in December and 33 down in January. It's huge, man. I respect the wedge breakdowns a lot, too, so I'm not saying BUYYYYYYYY cuz of the puts. I am saying, though, that the market will really have to prove it wants downside. And hey, it could do that tomorrow for all I know! the freep