Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: t2 who wrote (48738)	4/8/2002 9:55:46 PM
From: mishedlo	Respond to of 99280

cboe.com I see little here to suggest anything meanignful. Aj disagrees, but I think correlation is accidental. Look, we have been more or less sinking for days then we gap down. Stochastics were oversold, ready to bounce and we bounced. Max pain also suggested a bounce (but I did not go for it unfortunately). The fact that people bought puts today is meaningless as best as I can tell. Had people loaded up on APRIL puts that MIGHT be a different story. But look at the most actives. I see nothing here to suggest a P/C intraday based rally. If there is a correlation then perhaps it is because people buy puts after several days of decline on a gap down before a rally is about to commence. I suggest we would have rallied regardless of what the P/C ratio was today. The crooks wanted to get us back near max pain. They bought todays tank. No more no less IMHO. Tell me why May/June puts or calls should have anything to do with today. I see little April interest in todays most actives. BTW - there was no fear shown today whatsoever IMHO. The TICK count barely went negative. The put buying today was fear in only one sense "fear of missing the big decline". There was no fear OF A DECLINE shown today IMHO. M