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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (29381)	9/29/1998 12:49:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 94695

My guess is that the market does not have any direction at the moment. TRIN also hanging around 1-1.05 and when the TICK goes negative usually the TRIN moves higher but it is doing the opposite as well. JeffG

To: donald sew who wrote (29381)	9/29/1998 12:50:00 PM
From: Joseph G.	Respond to of 94695

<<At about 11:40 to 12:10 the VIX moved up>> Lunchtime sucker option buying ...

To: donald sew who wrote (29381)	9/29/1998 1:03:00 PM
From: AlanH	Respond to of 94695

Donald, re:VIX, TICK OEX implied volatility has been inching up throughout the day, currently at 36.75 (+4.43%). While speculation could play a role, my guess is that holders of SP100 stocks are simply buying insurance at the last minute. I'd expect to see VIX ebb in the final hour, UNLESS a radical downside reaction ensues. On another note, looks like a few internet bets are coming off the table. If the market reacts negatively to AG, techs could get particularly hammered; that is, these have participated most in rate related rallies. Good luck, Alan