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To: JRI who wrote (111347)7/5/2001 10:37:09 PM
From: mishedlo  Respond to of 436258
 
(I don't want to get caught in what Heinz's rally into expiration...do you? ng)


JRI if we finish down into expiry we are going lower....
MUCH lower due to delta hedging IMHO.

Now the questions is are we headed lower into expiry?
The reverse could be true as well.

M



To: JRI who wrote (111347)7/5/2001 10:44:57 PM
From: John Madarasz  Respond to of 436258
 
JR...

July 18/19 is a pretty widely recognized turn date. LG has double hits on the 19th I believe, so I'de watch the vix and P/c ratio's closely...and short term max pain levels for some clues. Remember, the market has reversed down the last three years on or around July 17th too...

If the bulls throw in the towel here, and start buying puts in a big way, a rally into expiry would stand to reason.

ameritraders are buying big today, i think they're about due for some whipsaws<gg>

and Rich Hahn brings up this special reminder too, to keep things interesting:

The next cluster of time is closer to Friday July 13. No reason to be superstitious, but Nasdaq is going to launch SuperSOES on Friday the 13th. More on that in a few days.

got workmen tripping on wires?<g>