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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (10514)	10/12/2002 1:24:11 PM
From: Mike M	Read Replies (1) \| Respond to of 30712

Not exactly...Zeev seemed to say we had seen the lows...I think he originally believed that July was the low or at least "near" low. He was buying before the indices hit new lows...I don't think he sees anything near 1000 for the COMPX. Moreover, he sees the 21st or 22d as a low turn date. I think Jeff views 21-26, or so, as the cliff descent and then a rally in November. I think it's a dangerous time to be terribly exposed in one direction or the other. I have developed a strong respect over the years for the eventual problems associated with piercing and thus tend to find Jeff's posit credible. On the other hand...bond funds and money markets are so stuffed with money right now, it wouldn't take much of a spark for the bears to be squeezed....Even the relatively modest move of the last two days has become more than a little uncomfortable for some...

To: Win-Lose-Draw who wrote (10514)	10/12/2002 2:00:28 PM
From: LTK007	Read Replies (1) \| Respond to of 30712

Zeev has been making adjustments continuously this year, his last low was to be 1226. His has been ratcheting downwards all year to numbers this thread has been stating all along. That's just the facts and not a criticism. Monday, would think a move will be made to get to 1240 hold it there a bit(by then stos will be ready to go down in flames:) and then a serious sell-off commencing after 1:30PM. DaBoyz have know interest in commencing a overall rally trend here, they just want to get the options dealt with. But if we start tailing down from the get-go ; they be done with the CALL side i would say.Max