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To: The Freep who wrote (86224)11/20/2003 5:17:00 PM
From: mishedlo  Respond to of 209892
 
Max pain certainly was filled this week.
Multiple hits towards top of range and bottom as well.
34-35 was a tossup

As for the rest of your comments, I agree
I do not like that block of puts at 34
But....
Lets see how many calls get rolled over and at what strikes
Will look this weekend



To: The Freep who wrote (86224)11/20/2003 6:02:07 PM
From: SwampDogg  Respond to of 209892
 
<<I am saying, though, that the market will really have to prove it wants downside.>>

Yes it does and if we don't collapse tomorrow AM I will cover my semis and look to get in at a higher level mid next week. My targets for this initial down have already been hit so buy stops are in.
If this is a iii of 3 then there should be no question about it. The alternate is that we should see a low early in the morning (much like today) and this time it holds.


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