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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (29492)	10/4/2001 3:06:25 PM
From: Jdaasoc	Read Replies (1) of 30051

So you believe that Friday of options expiration will be as high or higher then today. It would be first month since May were we held gains in previous 3 weeks before options expiration. There was record value of equity options open at CME the day attack occured enough for them to make it a news item at CME web site on Sep 10. P/C ratios were high so any rise in P/C ratio in next few days should be indicative of another selloff. cme.com I would have to believe we are going to give up some of this 10% Naz move before expiraiton date. The jobs number tomorrow has been sanguinary reaper of the bull rallies the last 4 months. I am willing to change my slightly bearish stance if tomorrow is not a down day and BKX stays above 800. john

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