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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (10651)	4/25/2001 7:52:54 AM
From: Poet	Read Replies (2) \| Respond to of 10876

Hi NV, I'm glad I waited till the morning to read that. -g Interesting thoughts, but I think I'll take the bear side on this one (huge surprise, I know). It sounds as though the bearish momentum has increased this morning. JNPR is trading down about $3 in the premarket now, and I'm looking for the reason. Here's what Hahn had to say last night about the VXN. I apologize that the graph will not transfer: Volatility gapped sharply higher for the third day in a row reaching a level of fear not seen since December. Some suggested this might be smart money front running puts ahead of a sharp decline in the QQQ's. If the markets were poised to move higher, this level of fear would not exist. The volatility index for the NASDAQ 100 ($VXN) is plotted as candlesticks versus the line chart of the QQQ's closing value. The QQQ's were lower by $0.85 today at $44.30 as the $VXN closed sharply higher by 1.58 at 79.95.