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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (55145)	10/2/2002 11:45:37 AM
From: Paul Shread	Respond to of 209892

You're probably right. Here's what he had to say: "This type of arbitrage is 'safe money' and is used by the large banks, insurance companies, and investment houses to enhance short term yields. If one or two of the large players are hurting, it would affect the buying of Dow shares as part of the arbitrage. "The general pattern is to accelerate the futures around 12:30 to 1:00 and from about 1:20 to about 2:00. If a strong rally does not appear by then, there could be a decent sell-off."