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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2492)	11/1/2001 11:51:22 AM
From: Jdaasoc	Read Replies (2) \| Respond to of 99280

I got back in my QQQ puts early today but am holding I misplaced the link to P/C ratios. Can anyone repost link to see if more people are getting the shorty itch. With NAPM at 38 and continuing unemployment claims at 4.7 M or 2.9% of workforce any additional downturn in economy is bound to be very short lived. Rationally, I expect tight trading range until right up to NOV options expiry. However, the Yankees may win the World Series next week followed by big ass parade in downtown NYC that will make traders overly optimistic. I think a Yankees victory parade will be the biggest in downtown Manhattan since the Iranian hostages came home in Jan 1980. Never underestimate the power of positive psychology. In this case, I would expect a one day strong correction on Wed-Thur right before options expiry to correct for any market excesses leading up to expiry.