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To: The Freep who wrote (100717)7/6/2004 2:21:40 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
On the market, I wouldn't be surprised to see a real frustrating handful of days coming up that constitute a 2/b/whatever up. If Max Pain has any sway, we won't go much lower (check the SMH puts at 35 for an example of why it could work). But this is clearly nasty down, and unless it's just a little "c" of something I can't figure, then we also aren't likely to have strong up.

We might not get backtests, as ATA posits, but then again we might, at least in some sectors/stocks. I think an annoying choppy period is on tap to work off the TRINs and high put call, etc. But I'll be surprised if we rock hard when I'm on vacation.

Luckily, last week I put all my money in AIRT....

the freep