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ajtj99

02/10/03 8:04 PM

#74515 RE: ranch hand #74510

RH, right now we are a bit constrained in our drop by a couple of channels that have been reigning in the action. The current channels would project a drop to around NDX 900 by March 3, which is pretty much Zeev's low for this leg down.

In other words, we don't need a big dump, just a slow bleed through the end of the month, inerrupted by the stacatto bursts of a few ramps.

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mish

02/10/03 10:20 PM

#74552 RE: ranch hand #74510

No it is not. I believe at least two out of three of the last Februaries missed Max Pain targets, even by my looser definition of touch anytime during expiry week.

M