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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (50796)4/12/2002 2:56:41 PM
From: mishedlo  Read Replies (1) of 99280
 
AJ as long as the TRINQ is below .80 or so there is buying going on. Hell we hit .28 today and max was 1.1.
Buying all day (in most areas) selling most of the day (all of the day) in the SOX.

Distribution in the SOX, accumulation (and I am serious this time) in lots of other stuff.

Now is that short term accumulation just to prop up the QQQ's for Max Pain or is it "real" accumulation.

I believe it is max pain nonsense.
The amazing stat to me is the TICK. 1100+ PANIC buying with the S&P up a mere 6 points. Amazing.(stealth distribution here I believe).

So what do we have
1) Max pain rally
2) Accumulation of garbage to achieve #1
3) Distribution in the SOX

I stick with my scenario.

M
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