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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: blitzfund who wrote (73971)11/10/2006 6:24:49 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
I agree with you completely, the selling is over for now, my model is still long, therefore the rally will resume on Monday to possibly 1410.00 basis December before we see any further serious selling...

GZ



To: blitzfund who wrote (73971)11/10/2006 6:57:31 PM
From: Real Man  Respond to of 94695
 
Options max pain is now lower for all major indexes,
iqauto.com
QQQQ=42, SPX=1365, NDX=1700, DIA=120 (12000 DOW)
A rally is possible next week, but options expiration
normally would exert some selling pressure in this
situation.



To: blitzfund who wrote (73971)11/10/2006 11:59:40 PM
From: Moominoid  Read Replies (1) | Respond to of 94695
 
My triangle broke downwards and then the market rallied up.... oh well. Model is still on short.... this isn't based on fundamentals at all, purely technical. The model uses daily high, low, and close data.