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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (63195)9/21/1999 10:03:00 AM
From: pater tenebrarum  Read Replies (1) of 86076
 
add to that that the VGY has broken it's August lows and the NYA is now below it's 200-dma...not a pretty picture technically. on top of this dollar volume of OEX puts has reached record lows this year, indicating that fund managers don't believe hedging to be a necessity anymore. this type of complacency often precedes sharp declines.
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