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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (17398)	3/15/2000 12:15:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

lots of NDX puts were bought...or rather sold, today (oi went up big). so they will try to keep the NDX up through expiration. afterwards it's open season i guess. the spoos on Globex have recovered all their initial losses. not much follow-through selling in Asia. not to forget we get the cooked BLS stats this week. -L- good night!

To: Lucretius who wrote (17398)	3/15/2000 1:17:00 AM
From: KeepItSimple	Respond to of 42523

>i fear a meltup tomorrow UNLESS we gap down hard... Gap down is the LAST thing we want to see tomorrow. The best possible scenario is a last gasp sucker's rally of around 50 naz points and 70 dow points in the first hour. THEN the bottom can fall out. If we gap down at the open, the buyers will be out in force, unless it is so steep as to cause forced margin selling. I'm also wary of the PPT. They aren't a myth- the fed has often ruminated about the possible need for such action in the case of financial crisis.