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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gersh Avery who wrote (69588)7/2/2004 10:35:58 AM
From: Real Man  Read Replies (2) of 94695
 
Yeah. 990N showed up like a clock at 10:10 am, jamming the
SP eminis, blowing tick to 1200, once arb. selling stopped.
The trouble with this is, if this is the Fed's doing, he
is also trashing arbitragers. If these folks walk away, there
will be no connection between the SP futures jams and the SP.
Sounds like 87? There are no buyers. Xept one large SP futures
buyer.
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