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RCKS

02/26/03 12:16 AM

#12011 RE: Bernard Ng #12009

You may be right Bernard, I just sent a private reply to Bob where I said the same thing. I think the heavy Open Put Interest in the QQQ's at the 25 strike and even the OI in the DJX 80 Puts is quite high. I think they will act as magnets here and keep this market from going to the depths that Zeev's saw here.
Today's action as changed my view of how this pre-War period plays out.
Good trading Bernard,
steve