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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (32074)	2/21/2002 11:40:19 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Shack, Paul said in Dec. that the average futures price of 9600 on the Dow was why it was going to be a floor for that month. Interestingly, the I believe it was 10,100 on the Dow for the Sept. futures average, and Paul said that once that gave they delta hedged us into the drop in Sept. They did defend that level all summer long, however. I guess I can see how the Dow could drop 600-points in 4-sessions, with 9450 as the bottom. March 4-6 works for e-wavers on that, I believe.