Replies to post #324596 on Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

Justa- should your stat be tempered by the fact that all your example occured after the 2004 Jan top- which meant we were in a corrective phase during much/all of your statistical period?

[Zeev Hed]

I don't disagree, the problem is that today is expiry and normal games don't always work. If we indeed have no delta hedging, and it seems that way now, then, statistically, Monday after a down expiry is higher, getting the the topping action according to Jim's schedule on Wednesday, I won't hold my breath for that since here around 2100, I think we have to let the market regroup for a solid 100 Naz points or so anyhow.