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

To: Justa Werkenstiff who wrote (64352)	5/8/2002 11:40:01 PM
From: Jeff	Read Replies (1) \| Respond to of 99280

justa...1942-1946 is the last lower double top in a long line of double top breakdowns that have "never" been passed to the upside since nasdaq 5000.... when it ever does...then the bulls might finally be right... anyway....last month..INTC was the pump....at max pain it was 28 low side....30 max pain...32 high side... it fell to 27+....got pumped on bad earnings...ran to 31+....and settled at 30....ran the low and high on max pain..settled at 30....then dumped till now... now CSCO....low max p was 12.50....15 max pain....17.50 high side max.... yesterday CSCO was 12.27....got pumped on so so earnings...hit 16.30 today....hit low max side....running to high max side.... see anything familiar.....

To: Justa Werkenstiff who wrote (64352)	5/9/2002 12:18:43 AM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Justa, what if they take this down to COMP 1625 or 1600 by Monday? I believe that's what may be in the cards. If they do that, they'll make bulls sell and shorts emboldened. They can then ramp again on AMAT and take it up and past 1696 COMP. Once that happens, we could run up again into expiration and kill the put holders. It all can work. After expiration, they can take it up further to distribute more shares at the double top (wherever that will be). Then they can take us down into June and/or July/August. The whole thing is that the market was extremely oversold, and we tend to get 10% rallies off the first day's close when this happens off an a non-capitulative bottom.