Zeev's Turnips - No Politics Message Board

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

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To: LTK007 who wrote (61600)	5/3/2002 8:17:26 PM
From: mishedlo	Read Replies (2) of 99280

i am just on record of saying that it can not handle a breakdown on panic selling or panic buying, meaning volume is up and in play. Max I have repeaatedly made the same statement! Significant news or panic will overrule max pain easily. Most of the time, news is known in advance (IMO). Panic is not necessarily known in advance but even then, sometimes I think it is (induced panic). Options volume was light enough this month for me to speculates that "induced panic" was possible. If the powers that be have delta hedged INTC from 30, do they care if panic takes it to 22? Not really. This whole downturn looks rather orchrestrated to me, which is perhaps why the VIX VXN have been pretty stable. SUNW and WCOM selling appears to be genuine (probably justified panic), and that is a different story. When the entire market reacts like SUNW then we have REAL panic. Tick counts suggest orcrestrated selling at this point. Panic selling will occur when da boys have finished distributing. The next panic will likely be induced IMO. (sorry Ron Dior, thers is no accumulation going on here). M

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