why is the market falling off the cliff, page-9

fwiw - i have an high coming in about 1-2 hour before the u.s. market opens and then a low hitting at about 2-3pm ny time. the u.s. may repeat our market's pattern today. that is: a fall from the get go and then slight recovery by the close. however, i suspect that it will depend on how much ground it can recover in the next 1-2 hours if the spx will close red or green......there's currently a much of resistance around 1393-1395 - so the odds favour a red finish at the moment.

the maximum pain calculator for june options expiry has the spx closing at around 1340. thu, if my timing system does it stuff again this week and next - i have red finish this week and green next - so i guess the options game may be wipe out the bulls this week and then kill the bears next.

to be honest, i can't see how the market will be anywhere near 1340 next week but i could be wrong.