Zeev's Turnips - No Politics Message Board

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

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To: Rich1 who wrote (13387)	12/13/2001 10:30:23 PM
From: mishedlo	Read Replies (1) of 99280

Today was overdone? We were up 9999 days in a row, 9998 of them on a ramp job at the close, and now one day down has us oversold. (That is how it felt). Looked at P/C again. CSCO calls at strike 20 and 22 compared to puts (after a 2 month runup were laughable). Have to hand it to the MMs, shook the shorts out then gap the market down today and not even a bounce to test the opening gap. Made it very hard to short today unless one had balls to short the open or stayed short overnight. Could be a repeat performance tomorrow. Obviously the MMs loaded up their shorts all day yesterday. QQQ at expiry seems headed for 39-40. (revised figure up from 38-39). A break of 38 could send us to 36. Anything in the 38-40 range is very likely. M

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