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To: JRI who wrote (73137)5/7/2003 4:10:20 PM
From: NOW  Read Replies (3) | Respond to of 209892
 
something just does not fit: treasuries acting as if we are going into the crapper, and equities to the moon.
where is all this money coming from/
with options this cheap, i am thinking lots of puts are being bought as cheap hedges for all the fully invested houses.



To: JRI who wrote (73137)5/7/2003 4:13:42 PM
From: At_The_Ask  Respond to of 209892
 
I went out short the djx. Will cover on anything more than .618 of the intraday high today. If the turn has come the fut's should start to be red overnight. Looks like we closed at 1 of c up correcting todays dump so maybe a little gap up but we could always start impulse down by the open.


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