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To: mishedlo who wrote (116002)	4/4/2005 4:04:13 PM
From: Shack	Respond to of 209892

Well certainly the VIX supports that, but nothing else that I track. Keep in mind that I still believe that the top is in on a few sector charts at least, including internets and software. As for the QQQ puts/calls, I am not going to try to predict the near-term market with max-pain. Suffice to say I see more puts than calls at 35, 36 and 37. But I don't think that meant much last month. More noise than anything and I don't play the Q's anyway. What I can tell you for sure is that the dailies on my 3 long plays probably look even better today (although BDK gave me a scare), and that GE has hit the bottom of that coil I'm watching and seems to have closed back inside after dropping below. Its way too early to speculate (one would expect a bounce at least) but if that GE chart follows the black count from my chart the other day then it is going to new swing highs from here, you can take that to mean whatever you want vis-a-vis the broader indices.