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To: FUZFO who wrote (27637)2/4/1999 5:28:00 PM
From: Dennis Eckert  Respond to of 45548
 
Good article, FUZFO. ... fleshing the issue out a bit, I noticed that Jim Cramer of TheStreet.com had an article this afternoon about a big seller (s) of futures selling in 10K to 15K block in the last couple of days.

"In other words, the selling was all derivative, all stemming from a program designed to sell all the favorite names that have propelled this advance," was part of his point. IE, the futures selling triggered program selling (when the futures and the cash markets, like stocks, get temporarily out of line, program buying and/or selling gets start to take advantage of the differences).