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To: SouthFloridaGuy who wrote (98172)4/26/2001 5:30:33 PM
From: pater tenebrarum  Read Replies (5) | Respond to of 436258
 
i've begun to re-enter puts today...today we had the type of index divergence that has often signaled ST tops in the bear: INDU at a new high for the move, NDX and SPX not confirming.

the best performers today were all inflation proxies...oil, basic materials, gold...note that gasoline prices hit fresh 11 year highs today.