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

To: profit_guy who wrote (81858)	6/20/2002 8:48:35 AM
From: augieboo	Read Replies (1) \| Respond to of 99280

profit_guy, all I can say with any confidence is that this is options expiration week, and that means Da Boyz will be working double-time to separate us from our $$$. As far as next week goes? I'm not sure, but I'm certainly not betting against Zeev's call ... RELENTLESS, I believe he puts it. Update since I started typing: I just saw Jack Bourudjian (sp?) on CNBS -- he's the independent trader at the Chicago Mercantile Exchange they often interview. His two points were: [1] Options expiration volatility will drive this thing all over the place, and if Friday's open is down, expect Friday afternoon to be bloody. [2] The ME situation weighs heavily on traders minds. Here's as near to a quote as I can get: "You wake up in the morning, read the paper, and it makes you want to sell another S&P." I take that to mean traders see the latest bad news and want to unload their S&P futures contracts or reload at lower levels, or whatever it is that futures guys do when they think the market is going to tank long term. Also, just saw something about a bomb blast in the capital of Saudi Arabia, and suddenly gold spiked up to like +4.50, but it's already down to "only" +3.30. Crude oil spike up about .25 too.