Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Qualified Opinion who wrote (77120)	10/20/2007 12:52:14 AM
From: Real Man	Read Replies (1) of 94695

This was a negative gamma expiration event, I think. Imagine a ball on top of a hill, that can get rolling in any direction, and expiration tends to enhance the speed. That's called negative gamma -g- When the ball is in the bottom of the valley, that's positive gamma -g- Since the ball could not get rolling on one side of the hill (up), it rolled on the other side (down). -g- The selling should be over by Monday. Who knows, maybe not, but its another ballpark, and the natural options tendency would be to get the ball rolling up after it went sharply down. -g- Then again, since I'm a bear and there are no bears, then we could just continue down after a bounce on Monday, who knows. The market should get decent support at 50 DMA, then at 200.

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