Zeev's Turnips - No Politics Message Board

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

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To: Lone Ranger who wrote (59415)	4/30/2002 9:00:39 PM
From: mishedlo	Read Replies (2) of 99280

Barring the Sept crash and one time events, I stand by my statement. Max pain (options expiry point) has worked for 5 months straight and until the next panic sell happens and/or next panic buy off that panic sell it will keep working. Of course we could have some terroist fly a planer into the sears tower tomorrow, but other than panic, as I said I stand by my statement. That is what has been working and if you look thru all my posts you will in fact see that that is indeed what has been happening. 5 months straight. Unfortunately I do not have data beyond that. Look at JUNE QQQ puts building. I say we rally in june to take them out. Look at QQQ May calls at 33 and 35 If we close above QQQ 35 this month (barring some amazing news like Bin Laden capture or some such horsesh*t), there is simply no way in hell we rally above qqq 35 this month. Rally above QQQ 33 would be amazing in itself. Significant news will rule, barring that, panic rules, barring that max pain rules. It quite honestly is as simple or as crooked as that IMHO. M

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