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

To: Robin Plunder who wrote (87799)	6/28/2002 7:58:26 AM
From: Justa Werkenstiff	Respond to of 99280

Robin: I think if you go back and look at the few rallies we have had in the compq. this year, I would bet that most were during options expiration week. If you take out those weeks I think you have had one viable countertrend rally which was marked by a bottom on February 22nd. Otherwise, the trend has been pretty much straight down on the compq. since January 6th. Nobody knows the specific dynamics of who is shorting what to cause what these rallies. It is a big market. I suspect that it just your typical short squeeze at certain junctures due to market conditions including max pain. The games you describe are certainly a big part of what is going on.