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In a message dated 98-10-14 16:18:24 EDT, you write:
<< IMHO, the Fed's been getting practice - I've seen at least 4 days since
Sept
1 where the Fed's footprints appear to be all over the intraday charts. When
the spoo runs up 30 points from a pivot low in an hour with zilch change in
a/d issues and a/d volume, it's a reasonable bet that the Fed's been
supporting the market by buying futures - far cheaper/easier to do than
buying stocks. I think this is intended to keep the shorts from getting too
aggressive.
Earl >>
hi earl this are just buy programs
we first buy ge msft etc calls then we buy the futures then we buy the
stocks
(lifting sp avrage 7-10 points)
then sell calls sell the futures and then sell the stocks
so money is made on
A: calls
b: stocks
c: futures
capital reqired 50-100mill
MONEY MAKES MORE MONEY
Ben
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