Replies to post #120886 on Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

Zeev, you have taken a couple steps towards the grizzly suit here no (Even though it is still locked in closet) in last couple days...you really haven't liked the nature of advance last 2-3 days, eh?

[ajtj99]

Zeev, I'm only saying that we could have a string of low equity put/call values similar to August 2002 while still moving up. The fact that it started getting low during expiration week makes it less reliable, IMO.

I've also studied the put/call at various times and understand the influence. However, the daily charts are still pointing up, and I think that trumps the put/call.

We could still drop intra-day like we did this AM, but I think the trend is still up for the time being. We've got delta hedging to take care of this week as well as EOM stuff next week.