Zeev's Turnips - No Politics Message Board

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

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To: augieboo who wrote (49406)	4/10/2002 12:57:41 AM
From: mishedlo	Read Replies (2) of 99280

Augie that is a totally reasonable scenario and the most likely scenario to my criminal mind as I have posted the exact same scenario. I believe AJ thinks it is possible as well. HOWEVER....One simply must consider the alternative: that delta hedging has kicked in, that there really is bad news out there and we are going down hard now. If we see a volume move up on these stocks we might have our answer. So far every up day is met with a down day as big or bigger with INTC MSFT CSCO setting new lows. Not sure I like it. I hope we go up here to relieve this severely oversold condition. Right now I am flat. If we do not go up right now (by expiry), the next move is a test of the sept bottom that I do not think will hold (at least ultimately). I am waiting and watching now. M

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