Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (31055)	10/9/1998 11:31:00 PM
From: Greg Jung	Read Replies (1) of 94695

Metinks a lot of the buying pressure originated in Chicago and was transmitted via index arbitrage. Smaller stocks in S&P went in lockstep with that index. Lots of October puts were bought on Thursday. 1030 is critical level. Monday we have no bond market grouches to inject the appropriate scare. Talking heads are declaring a bottom. Greg

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