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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (83948)6/24/2002 11:19:00 AM
From: Paul Shread  Read Replies (1) of 99280
 
Zeev,

Are the 'Nips still looking for a small bounce before hard down?

From what I can tell, Dow futures losses were rolled over to the new near contract, which means those 8%+ underwater positions are still weighing on the market this week. In other words, the sell pressure from index futures did not disappear Friday, as I thought it might. They could be forced to cut their losses this week.

Puetz crash window is at its peak tonight through Thursday.

Paul
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