Replies to post #27690 on Zeev's Turnips Patch-No Politics (ZEEV)

[brightness]

IMHO, the P/C ratio is misleading during a triple-witching week. What I saw all week was put closing. For example, QQQ Sept22 Puts open interest dropped from 120k to 100k, while the corresponding call went from 60k to 65+k. Is it possible that we may get a bounce next week? Sure, but a bounce to just below 1300 is nothing more than confirming the down trend, like all those Bollinger Band kisses of death in Fall 2000.

[Ace Hanlon]

Zeev:

Trying to think like criminal, I wonder if the boys will engineer a FALSE breakdown below the July 24 lows, before a strong rally begins.