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Just an FYI .... cboe does do the actual calculation for VIX. PC
Quote does the calculation and sends it out over OPRA. So all of
Chicago could go dark ..... as long as PC Quote wants to send data you
could get a VIX. Without any OEX puts and calls trading, the disseminated
number would be bogus.
<P>ROBERT ROESKE wrote:
<BLOCKQUOTE TYPE=CITE><STYLE></STYLE>
<FONT SIZE=-1>That's interesting,
cboe shuts down, but VIX keeps updating and my calls have doubled when
the oex went sideways. What a wonderful post eclipse phenonenon!</FONT> <FONT SIZE=-1>BR</FONT></BLOCKQUOTE>
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</x-html>From ???@??? Thu Aug 12 14:27:44 1999
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Reply-To: "RAY RAFFURTY" <rrraff@xxxxxxxx>
From: "RAY RAFFURTY" <rrraff@xxxxxxxx>
To: "Terry S. Smith" <tesla@xxxxxxx>, "bo turger" <boturger@xxxxxxxxxxx>,
<realtraders@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
References: <008001bee4fb$3f9e0f40$85bc3fd1@xxxxxxxxxxxxxx>
Subject: Re: Arch Crawford's 1000pt prediction
Date: Thu, 12 Aug 1999 16:06:39 -0400
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Hi Terry,
He didn't say it would happen in one day, just some time in the next two
weeks (from yesterday). And, he did not say from what level, so it could be
up first.
Unfortunately (or fortunately) the fed does not have the authority to buy
anything. All they can do in such a situation is to add liquidity. This is
what they did in Oct. 1987. Fortunately it usually works.
Good luck and good trading,
Ray Raffurty
----- Original Message -----
From: Terry S. Smith <tesla@xxxxxxx>
To: bo turger <boturger@xxxxxxxxxxx>; <rrraff@xxxxxxxx>;
<realtraders@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Thursday, August 12, 1999 3:45 PM
Subject: Re: Arch Crawford's 1000pt prediction
> In my opinion, the Fed, or some other entity would step in and buy
contracts
> to prevent a 1000 point down move in one day. I really doubt the powers
that
> be would sit on their hands and watch this kind of down move without
> stepping in to put a stop to it. Happy trading.
> -----Original Message-----
> From: bo turger <boturger@xxxxxxxxxxx>
> To: rrraff@xxxxxxxx <rrraff@xxxxxxxx>; realtraders@xxxxxxxxxxxxx
> <realtraders@xxxxxxxxxxxxx>
> Cc: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
> Date: Thursday, August 12, 1999 9:33 AM
> Subject: Re: Arch Crawford's 1000pt prediction
>
>
> >Hey RT's,
> >Remember Joe Granville and the beginning of this bull market in 1982?
> >He was THE stock market guru at that time. It was the reversal of his
> >market call to sell that is credited (at least by some) as triggering
this
> >unprecedented bull move we are in.
> >So...why was Arch Crawford on CNBC anyway?
> >Good trading,
> >Bo.
> >
> >>From: "RAY RAFFURTY" <rrraff@xxxxxxxx>
> >>Reply-To: "RAY RAFFURTY" <rrraff@xxxxxxxx>
> >>To: "Real Traders" <realtraders@xxxxxxxxxxxxx>
> >>CC: "Real Traders" <realtraders@xxxxxxxxxxxx>
> >>Subject: Arch Crawford's 1000pt prediction
> >>Date: Wed, 11 Aug 1999 16:17:12 -0400
> >>
> >>Hi RT's,
> >>
> >>This morning on CNBC, Arch Crawford predicted a 1000 (yes 1000) point
drop
> >>in the market some time in the next two weeks. I don't follow
astrology,
> >>but do respect Mr. Crawford (and Norman). If a 1000 Dow points is about
> >>equal to about 100 OEX points and the OEX at about 675, 100 points would
> >>take it to 575. I checked a Sept 580 OEX Put, it is at 2.5. This
> >>surprised the hell out of me since I expected it to be about 1/2. The
Aug
> >>580 Put is at 3/16, but it expires on 8/20/99 and might expire before
the
> >>predicted move.
> >>
> >>Looks like someone is hedging or speculating on his prediction.
> >>
> >> Good luck and good
> >>trading,
> >>
> >> Ray
> >>Raffurty
> >
> >
> >_______________________________________________________________
> >Get Free Email and Do More On The Web. Visit http://www.msn.com
> >
>
>
>
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