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Re: ajtj99 post# 722

Monday, 07/08/2002 6:00:50 PM

Monday, July 08, 2002 6:00:50 PM

Post# of 704049
AJ it is a very "weak" 27.
Calls at 27 outnumber puts 114K to 35K
Calls outnumber puts at 25 and 26 now

My expectation is Max Pain falls to 26 and that is about where we end. In other words, this rally could be DOA (as in perhaps we already had it). Regardless, 27 shoould be formidable resistance should we manage to get there.

M

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