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To: The Freep who wrote (61300)12/10/2002 3:54:12 PM
From: jjstingray  Respond to of 209892
 
Friggin ships, I don't know, but my C puts were starting to look okay this morning. This light volume crap is annoying. I thought we could have pushed lower off of our highs. But someone leaned on the friggin buy button.



To: The Freep who wrote (61300)12/10/2002 3:57:06 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Freep, and everything else caught fire too

Maybe it's 'cause everybody went short after the muted reaction after the FOMC <g>

Truthfully I have no idea, but the big boys must have wanted to start something moving one way or the other and they decided up for a little while. How's that for a guess?



To: The Freep who wrote (61300)12/10/2002 3:59:48 PM
From: At_The_Ask  Respond to of 209892
 
I bought some puts. Always good for a pop. g/ng

There is absolutely 0 selling here, it's like a holiday or something.



To: The Freep who wrote (61300)12/10/2002 4:38:01 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Not sure. Helped my wiggle ES long which I dumped near the close. That VIX melt was building all day IMO.

The 'ii' of 'c' could still be what we saw today. The SPX/OEX is just shy of a 62% retrace of the Dec 6 dump. Tomorrow and Thursday would be hard down if this is the case. But I couldn't bring myself to go short at the close. Here's hopin' for a little bit more up. Tech looks like it could use another high. We would pretty much have to turn south in the first hour for this to be right.

Alternatively we have begun our retrace back up, the larger 'b'.