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To: Tommaso who wrote (201883)11/4/2002 12:39:48 AM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
oh yeah? How and by whom?

Money managers hedge their long positions in Naz 100 by selling the QQQs short. They do something similar with the S&P and SPY but not to such a great extent.

Not that running through buy stops didn't contribute to the recent rally, undoubtedly it did.