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

To: jjeannie who wrote (4661)	11/11/2001 12:26:22 AM
From: mishedlo	Respond to of 99280

Not really. I am not sure where I picked this up. Possibly some from Zeev. I do not remember. BTW there really was nothing special about GE. In the middle of a plunge everything closes below max pain. I remembered GE because it was a key stock that for whatever reason, broke before the other majors, and there was an article about it that discussed delta hedging. FWIW My experience in this bear market sure does not confirm that 70% of option expiry weeks are up. Right now, I would offer this. Most stocks are above max pain. We have had what some think to be the finishing touches on a bull run, and I would think that we fall some this upcoming week. They might use AMAT as an excuse. You hear analysts saying the bad news was ignored so we have bottommed, many many times now. All that has happened so far is bad news is ignored under these two conditions. 1) Too many people have bet against it with options 2) We are at the end of a bear mini-cycle If there are too many bets against a stock via puts (Krispy Kreme) it can rise indefinately. M