Replies to post #2457 on Zeev's Turnips Patch-No Politics (ZEEV)

[SteveO]

Scariest thing is the sentiment out there that we are going to have a big rally tomorrow. It makes me wary.

[balmywinds]

Zeev, I didn't say it is a gap up>
I guess I'll have to rephrase: do you think they're going to continue this ramp in the morning, or shake the tree a little more, before taking advantage of this reversal momentum move to start a sqeeze? How do you see us closing tomorrow into the weekend?

BW

[DlphcOracl]

Zeev: Assuming that the futures hold overnight and we do get the morning gap up over the Dell and Juniper "euphoria", which door would you take:

Door #1: Gap and crap

Door#2: Gap up, with progressive strength throughout the day giving a 4-6% "one-day wonder" in the Nasdaq.

If you select Door#2, is this the launching pad for the summer rally, extending into options week next week, or do the shorts come back on Monday as has been the case all year?

Curious as to how you would read the tea leaves. FWIW, since I do not trade individual stocks and use the Rydex index funds (both leveraged and unleveraged), I plan to sit out any "summer rally" and begin shorting it if it reaches 1550.