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


To: robnhood who wrote (31055)10/9/1998 11:31:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 94695
 
Metinks a lot of the buying pressure originated in Chicago and was transmitted via index arbitrage. Smaller stocks in S&P went in lockstep with that index. Lots of October puts were bought on Thursday. 1030 is critical level.

Monday we have no bond market grouches to inject the appropriate scare. Talking heads are declaring a bottom.

Greg