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To: Cynic 2005 who wrote (80215)	12/17/1999 2:55:00 PM
From: Defrocked	Read Replies (3) of 86076

A market that goes straight up isn't necessarily volatile. What kills delta hedgers are gap moves. VIX has been steady between 20 and 25% this entire up move since late Oct. BTW,it's a darn good thing Dow-Jones added MSFT, INTC HD and SBC to the DJIA...or we might of had to wait a bit longer for a return to the August high.-s-

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