Replies to post #79661 on Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

Yeah, yeah, yeah... but what have you done for us lately? Only 30 minutes left to call tomorrow...

[johnnieb]

You said over the weekend that the naz was in the middle of a selling range and I wonder if you could comment on what led you to that (evidently correct) conclusion; on the daily chart it could have looked like a consolidation in an upward direction with 1390 or thereabouts as the measured next target

thanks in advance and thanks for all the great mentoring you do here

j

[mish]

Thanks for the kind words, though last week's call were disastrous...

I do not think last weeks calls were "disastrous"

You did not envision a close right at max pain (and neither did I quite frankly. I loaded up way too early on a few things but more or less doing OK now.

Stay away from front month options (even better yet go out 4-5 months ITM), and all you have to do is bet correct eventually.

Is your DOW target still 7400-7600 this leg down?
QQQ sure seems stubborn and I think it is all those QQQ puts again holding it up. There was a buy of 75,000 QQQ calls today so I need to look and see if that affected pain.

M