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I remember it vividly. Take a look at the market from 1970 to 76. GM
from 145 to 28 and the rest went along for the ride. CBOE market makers
made fortunes just selling calls. There were no puts at the time.
Ira.
Dick Webb wrote:
> Your opinion please...
>
> For quite some time there has been a huge up move in
> the Dow, NDX and S&P. The experts claim that this was
> a small group of stocks when 70% of stocks are in a
> down trend (below the 200 day ma)
>
> Is it possible that we will now see a significant
> decline by the same narrow group??
>
> While the rest of the market goes up or sideways?
>
> Does anyone have a memory of the nifty 50 and what
> occurred there???
>
> ===
> Big Lucky Dick
>
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