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

To: t2 who wrote (74646)	6/5/2002 12:13:28 AM
From: mishedlo	Respond to of 99280

NV, stocks with the most options track Max pain the best. QQQ has the most options on it. The more the options the better it tracks. So, yes, in a nutshell QQQ is the most important, but it is damn hard(but not impossible) to rally without INTC MSFT and CSCO (at least 2 of them). I am in Zeevs camp that suggests continuing down here. Turnips and radishes seem to be aligned once again unless I am reading challenged. I would actually go as far to suggest an incomplete bottom by the 12th (based on GNTs and other data being insufficient) a rally to max pain then a further collapse and bottom after expiry. One thing at a time, but I doubt 2 trips to max pain can be achieved this month. M