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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (6606)	3/17/2005 10:22:07 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

We might possibly see that broken intraday, but I doubt it. The indexes have reversed off the morning lows for the time being anyway. I think we're in for some short-term relief to the upside here. Short term market internals are consistent with that (volatilities, TICKs, etc.). And FWIW, the Max Pain point lies above, so whatever pressure the options pits can bring to bear on QQQQ will be pressure to move QQQQ up. The Jan. 24 lows will get taken out, but I don't think that will happen until next week. T