Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

The big difference here, Zeev, was we had 2-Billion shares at COMP 1935 last week. I think that needs to be taken out with greater volume for a valid break of that level.

New lows did double top yesterday with the May low, so that's possibly something of significance.

Put/Call is really the fly in the ointment here. Max Pain on the QQQ is actually below the level we'll open tomoorrow, and the call buying off the low has been relentless on the QQQ and SMH. I believe that's smart money hedging on those issues rather than dumb money speculation.

One thing we've seen over the past year, whenever puts pile up, we tend to stay above them. When calls pile up, we tend to remain below them.