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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (171106)6/7/2002 5:36:11 PM
From: mishedlo  Read Replies (1) of 436258
 
Haim does this look like capitulation to you??

Im not Haim but I am a buttinsky.

No FN way.
No fear, no panic, this looked like a controlled "planned" drop IMHO and it appears they need to hold CSCO above 15 (too many puts there), MSFT above 50 (too many puts there), ORCL (too many puts on it as well), and the rest can sink some, but not too far lest max pain get too far out of wack.

We need a string of -1000 tick counts and until we see that no rallies will last beyond 2-3 days IF THAT.

I am of the opinion that NOTHING and I do mean NOTHING is driving this market (the Naz anyway) other than options manipulations.

M
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