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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (20760)	12/19/2002 11:23:18 AM
From: LTK007	Respond to of 30712

This is what the two option floor traders say has ALREADY been accomplished, the big money have closed their positions, that basically they feel the Quadruple Witching is already completed---<<Yet also keep in mind that tomorrow's session marks the first ever 'quadruple witch' for the markets. The quadruple witch carries its name because it represents the expiration of four different investment/trading vehicles -- options, futures, options on futures, and the more recently created single-stock futures. Note that this is the first ever expiration for single-stock futures which is the reason tomorrow's session, which would have been called a 'triple witch' in the past, will now go by the moniker 'quadruple witch'. At any rate, the expiration means each of these four investment vehicles cease to exist after Friday which forces the capital committed to them to find a new home. As a rule, this rotation generates additional volume and volatility in the markets, which brings us to the reason we raise this issue in the first place. >>