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

To: jjstingray who wrote (34961)	2/28/2002 4:25:52 PM
From: Crimson Ghost	Respond to of 99280

Bulls should be hoping for a Dow smash. That would set us up for a broad based and sustained rally IMHO. Very similar to the nifty-fifty back in the early 1970s. When they finally got smashed, a huge rally followed quickly.

To: jjstingray who wrote (34961)	2/28/2002 5:02:31 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

jj, there is a big disparity in the amount of puts and calls on the DJX. I'm looking for a drop to possibly 9850-9900 before expiration (middle BB on the daily, although support is at 9800). I don't think it will be that easy to drop it too far before expiration, as the average value of the futures at expiration is 9800-9850, so that level will be defended with vigor until it is useless. I'm thinking the big drop may happen after expiration. By then I could be re-loaded and ready for the other shoe to drop.