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Strategies & Market Trends : Rande Is . . . HOME
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To: Mark Konrad who wrote (48714)3/9/2001 1:27:50 PM
From: moufassa7  Read Replies (2) of 57584
 
Mark, no "magic", just a little "hocus pokus". First, market will begin anticipating rate cut. Also, next friday is "triple witching day". Lots of puts are in place now. Put holders will be taking profits at least a couple of days before expiration. Put selling should allow market to bottom, causing shorts to cover, causing bears to become bulls and drive market higher. The only option players holding until expiration will be holders of now almost worthless calls. See, no magic just pure logic.
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