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Strategies & Market Trends : News Links and Chart Links
SPXL 227.57+0.7%Dec 11 4:00 PM EST
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To: Box-By-The-Riviera™ who wrote (2892)9/18/2002 12:19:35 PM
From: sun-tzu  Read Replies (1) of 29602
 
agree w.f.

i think delta hedging has a hold of this market. big players scrambling to short common in order to hedge their positions as neutral position on S&P cash is MUCH higher than these levels. that's why the p/c ratio is getting so high. we're as close to a major tank scenario as i have seen. i don't see much of a bounce here. i think we're tanking into friday and beyond.

short to win

...good luck today
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