Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Thanks. Here's a bit more. Max Pain for September supports a trading range for another month:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19214861

Here's a look at the monthly NDX and how the NDX compares with summer 2001:

http://www.investorshub.com/boards/read_msg.asp?message_id=1329628

Looking at the possibilities for a low next week, probably the nicest place would be the .786 re-trace of the move up this week from the 1204/1640 lows. That may intersect a couple of rising support lines and set up an upper target that hits the falling resistance line off the NDX 1316/1298 highs. That sweet spot would be 1215 NDX or so if I'm figuring correctly (and I need to draw a couple of lines first).

That could set the upper range for the NDX on a rise at 1270 or so after said drop.

Just some early speculation.

This may end up murdering option premium over the next month.

If this does transpire, a large move may occur in the indices in October. What direction that will be is not real apparent to me now.

Probably the best move for swing trading over the next month is to buy below 30.50 and sell above 31.50 on the QQQ (NDX 1226 to 1266).

Have a great weekend, everyone!