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To: Shack who wrote (43866)6/28/2002 4:24:40 PM
From: John Madarasz  Respond to of 209892
 
cross-currents.net



To: Shack who wrote (43866)6/28/2002 5:39:03 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
almost the exact same thing happened in late Dec '01, most importantly including the plunge in open interest...right before the double top in the NDX...and subsequent plunge to the Feb '02 lows

smacks of a huge closing out of positions...and removal of short covering support on any further decline.


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