Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (49116)	4/9/2002 5:45:35 PM
From: mishedlo	Read Replies (1) of 99280

Mish, we should not get lopsided bearish here, I think that a solid bump from the 1690-1700 or so area, barely 50 Naz points away could easily occur. Actually I closed most of my puts today because I more or less expect a bounce back up to max pain for expiry. My thinking is that the lower we get the quicker the bounce. Bottom on Wed then rally for a week is a possibility. Unfortunately the other possibility is that they just let the whole thing collapse right now. Since it is almost one day up next day down, we may not know what is happening until the second up day in a row, and if the second day is a huge gap up, the entire rally can easily be missed. I would like to see QQQ 32 first, as that could be a decent bounce point and a very profitable one for a rally back to QQQ 35ish, even if one misses the first point. If they just let it drop, look out below. How does one tell if the bounce is on? Volume? M

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