Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 36.17

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Nov 25 4:00 PM EST

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To: Chip McVickar who wrote (7818)	3/14/2003 1:40:55 PM
From: Kirk ©	Read Replies (2) of 207024

Do you have a link for Option Volume? A perma bear on my site posted this: Author: Roger_Babson Date: March 14, 2003 9:39 AM Subject: Organized Support in the Face of Meltdown!!! I have confirmed via three of my most credible sources that the NY Fed and the Treasury's unit to maintain financial markets stability, working with European and UK reserve bankers, purchased over two days call options to the leveraged amount of $500 billion to prevent a options-expiration meltdown. Yes, I wrote one-half a trillion dollars, which would equate to about 420 points on the DJIA nd ~45 points on the SPX. But guess what? The effect is already wearing off!!! Momentum is already peaking, as the oversold condition has been relieved. Guess where we go next week, folks?! You'd better believe it. Brinker, my friend, you have just fallen into the mouth of the Father of All Crushing Bear Bites or "FOACBB", and your subscribers are going to be the worse for it. Heaven help them all. SOS!!! suite101.com Another bear, Roger Arnold said the same thing about the "PPT" saving the day. I posted his email warning here: suite101.com Probably good news that the permabears shout louder now. :) Kirk

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