Replies to post #13619 on Market Sense and Sentiment (MKTSS)

[bbgold]

Hi Steve,
I thought that last month the Max Pain on the Indexes were all lower also? I had better do a boardsearch to check it out. Here it is. After a slight dip the markets held support at the SMAs and continued higher.
Posted by: bbgold
In reply to: None Date:4/9/2003 9:59:11 AM
Post #12937 of 13620

BTW, today is Max Pain day
As usual we are starting out as though we will not get it. Remember that this is just a speculation day and it can happen or not happen. Here are the Max Pain numbers so far and they look as though they are Lower than the markets are right now. Not sure if we will still be drawn to them or not. Steve(RCKS) recommends using the QQQ target and it is right where the markets are at now so perhaps we just continue to consolidate.
QQQ 26
DJX 80
SPX 850
NDX 1050

[Bernard Ng]

Thanks Steve, so are you suggesting, we could go back to $27?

Can't agree you more on the options trading, can't make money if we are flat everyday... ggg

Hopefully, this tankage can really bring us down. Up or down, I don't care, just go somewhere big!