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To: UnBelievable who wrote (56566)	10/15/2002 6:48:39 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Ensuring that as many options as possible expire worthless Certainly that was part of it. But we had some moderately climactic volume beforehand and a general public who was quite short (read Rydex). Yes I feel this is engineered somewhat, but its got a life of its own now given that we are way above max pain on many issues (QQQ, C, GE, MSFT being the most notable). The public is excited again and although I expect a fresh decline will begin before the year is out, we may not break these lows until next year.

To: UnBelievable who wrote (56566)	10/15/2002 7:18:35 PM
From: NOW	Read Replies (1) \| Respond to of 209892

yes, i do, and i know the board does not share my views. But i for one think we are seeing concerted action on the part of central banks and goverm=nments, in the name of national defense/anti-terrorism in the wake of the recent events, and in light of the very precarious place markets globally were in just one week ago...what proof have I? none. But lets face it: if these events dating back to Sept. 11th were the work of terrorist netwwork, then one must conclude they have bben highly successful and well thought out. The ensuing economic damage done to Asia from the latest Balinese attack could be MUCH larger IMO then one might imagine at first glance...

To: UnBelievable who wrote (56566)	10/15/2002 8:12:36 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Unbelievable - yes, I do But it depends on what you mean by "this." Do you mean today's action or the entire rally since Thursday morning? If you mean the former I have no opinion, but if you mean the latter then I think "this" rally since Thursday occurred because many of the big boys' buy programs were set to react to an intraday VIX reading of +50. The buying took off almost precisely at the time we got the reading Thursday around 10:00 a.m. EST. And if that's the case then it would have happened regardless of whether or not it was near options-ex week.