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

To: Justa Werkenstiff who wrote (87768)	6/28/2002 12:01:10 AM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Justa, I'll give you that. However, we'll have this happening often over the next several months, IMO. If it's not the NDX, it's the COMP, SPX, NYA, Dow, Russell, BKX, or Wilshire hitting some important level that is critical and must hold. I'm probably unloading my DJX puts tomorrow AM and getting QQQ's instead. I've only broke even trading that lousy index option on the few occasions I've done it this year. I'm sticking to what I know.

To: Justa Werkenstiff who wrote (87768)	6/28/2002 7:17:49 AM
From: Robin Plunder	Read Replies (1) \| Respond to of 99280

Justa, it seems like we have had an unusual volatility for the last few months, the market makes a large intraday move in one direction,and then quickly reverses and goes in the oppposite direction, often without any visible cause. I wonder if this is a pattern of trade in a bear market. Are the institutions shorting the rallies, triggering a decline, and then covering their shorts, causing a rally? In this way they create churn and slow the overall descent, perhaps allowing them to make money (like Zeev) by jumping in and out, buffering the impact of the bear market on their overall large portfolio of long positions? Robin