Zeev's Turnips - No Politics Message Board

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

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To: Jeff who wrote (54522)	4/22/2002 6:35:08 PM
From: ajtj99	Read Replies (1) of 99280

Jeff, in all fairness I don't believe those charts started looking very clear until after Thursday's close and we needed to get Friday's day in for confirmation. At the end of the day Friday, it was quite clear what had transpired last week. I've gotten in trouble before trying to anticipate where an indicator was going. I've also seen them turn down and then up again, so it is always good to look at several and draw a consensus from what you're seeing. I think we knew by Friday what was going on. I got expensive QQQ May 33 puts and June 33 puts today, expensive because I could have bought them much cheaper on Friday. However, I was busy on Friday and not certain of the Max Pain distribution until the end of the day. By the way, that MSFT H&S measures to 20, which I know you've mentioned before.

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