Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, I'm not sure how you can reconcile a drop to 1263 without a bounce with QQQ Max Pain firmly at 25 with a solid floor to boot for this month.

Max Pain failed in Feb. 2002, but we're so close that if we're within $2.00 of 25 on the QQQ in the next 10-days, I think we'll go to 25. History this past year has pretty much born this out.

I don't rule out a drop to 1266-1277 COMP, but I think there will be a 70-80 point bounce for expiration if that happens over the next several days.

After expiration, we can drop like a rock to test the falling support/resistance line off the Sept. 2000 high, currently at around 1240 COMP.