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Re: Zeev Hed post# 8989

Saturday, 07/27/2002 11:37:15 AM

Saturday, July 27, 2002 11:37:15 AM

Post# of 704041
IMHO, the exact opposite has happened. The last couple weeks has not seen the elimination of a lot of weak hands, but brought in a lot of weak hands! Look at the evolution of August QQQ Max Pain over the last couple weeks, it has come down from over 26 to half way between 23 and 24! Why would the crooks be interest in engineering a rally at all at this point? Especially on the NAZ. On the $INDU perhaps, but even there the financials are showing the recent ramp fading.

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