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

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To: mishedlo who wrote (50963)4/12/2002 11:03:10 PM
From: Math Junkie  Read Replies (1) of 99280
 
Mish, there are some things I don't understand about your analysis.

First, the max pain for June puts at 35 is not inconsistent with the turnips' call for a June 28th bloodbath, because options expire on the 21st in June, and a lot can happen in a week. Zeev's 1920 corresponds to roughly QQQ 37, so 35 by the 21st could represent the market's being part way down the selloff into the 28th.

Second, you haven't explained why QQQ 35 on June 21st implies weakness between now and then.

I'm not saying Zeev is right and you're wrong - I'm just trying to understand the differences in your reasoning.
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