Where is the pi particle?
  We discuss the interplay of particle-particle and particle-hole spin-triplet channels in high-T_c superconductors using a quasiparticle dispersion motivated by angle-resolved photoemission. Within a generalized RPA, we find a well defined antibound state of two holes, the pi resonance of Demler and Zhang, as well as a bound state of a particle and a hole, the spin exciton. We show that the energy of the pi resonance always exceeds 2 Delta, twice the maximum d-wave gap, therefore the neutron resonance observed in the cuprates around energy Delta is most likely a spin exciton. At the same time, we speculate that the pi particle can exist at higher energies and might be observed in neutron scattering around 100 meV. 
O. Tchernyshyov, M. R. Norman, and A. V. Chubukov