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To: ajtj99 who wrote (87002)12/5/2003 3:10:21 PM
From: Jerry Olson  Read Replies (2) | Respond to of 209892
 
aj

thats pretty sideways from here..1050 is just 10 points lower...

they're having one heck of a time banging down the semis even tho they have ALL taken hits this week...ahead of INTC...

i like 470-490 area for a major support bounce play there...38.2% retrace aug lows to nov dec tops...



To: ajtj99 who wrote (87002)12/5/2003 3:10:35 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
I've seen enough of my options expire worthless to develop a lot of respect for Max Pain. However, it is a moving target... By the time the price drops, Max may move lower.

Additionally, sooner or later we will get a Delta hedging orgy, and then it can all explode.