Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>>I haven't seen much indication of program trading today at least as far as the PREM <<<

maybe not in the PREM but there is no other way to account for a 20-30 second move in the tick of more than about 100-150 basis points on the nas and 200 or more on the NYSE. Program trading now accounts for 41 of every 100 shares traded. 41.5% of trading on the NYSE was program trading the week before last. The way the tick moved today and how the trin looked, I think we had a bunch of distribution on a near 200 point up DOW day. How crazy is that!