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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (9556)	2/11/2001 8:20:13 PM
From: mishedlo	Read Replies (1) \| Respond to of 10876

JNPR falls from 140 to 83 BRCM falls from 140 to 76 EMLX from 104 to 78 EMC from 83 to 56 etc etc etc. (think I have those right - this is from memory) Naz down 17% in about a week. Options expiry is this week. Almost all stocks are below Max Pain levels. We seem to be screaming for a relief rally, an options expiry manipulations rally, an oversold bear market rally, or some combination thereof. Markes do not rise or fall in a straight line (especially in a bear market). On Friday we hit a TICK count of -800, not quite to the fear stage, but the lowest TICK count in a month. On my scale -1000 = Fear -1200 = Near Panic -1400 = Panic +1000 = Panic buy I would prefer to go long after a couple of days of -1000, but relative to the past month -800 was excessive. Would love to see a gap down on Monday, where we keep falling until the TICK hits -1000 but I ain't banking on it. We seem to be oversold, I am hugely ahead and will look for a better chance to reload my puts. BTW - here is the link for the TICK count quote.yahoo.com^vix+^vxn+%5Etic.n+%5Esti.n+%5Esti.o&d=t M