Zeev's Turnips - No Politics Message Board

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

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To: mishedlo who wrote (30495)	2/16/2002 1:01:45 AM
From: ajtj99	Read Replies (3) of 99280

Great analysis, Mish. I know my speculative stock for the bottom - AVCI at 1.35 for a clean double. Junk runs on these rises. I agree what we saw today was delta hedging. They took this down so fast it was hard to keep from laughing. I expect a bit of a relief rally on Tuesday if we don't get any exogenuous event over the weekend. However, the trend is down and 1772 is the first test. Now that BRCD is cooked (I didn't really expect it to drop so fast) maybe QCOM could be the next goose on this drop. That TRINQ today was amazing. The put / call is back up to nosebleed territory. I agree that the Tic is going to be a very important factor, but the tic.n almost did a +1000 today when the Nas was down big. Go figure. The only time the put/call was this high for this long was September. Either we're testing the lows here, or we're going to get a very solid intermediate local bottom out of this. The past 2-years, we've hit new lows in 1-3 months 80% of the time the 20-day SMA has crossed over the 50-day SMA from above. That event happened a couple weeks ago. Is it going to happen, or is this going to be one of the exceptions? I actually believe it may be an exception.

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