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Looks like they drove the vols down on OEX options. Big time.
Maybe this time = inflection point = signal failure = intermediate term one
way trending move as in Feb 1997.
Maybe not. Another OEX 57 point swing would be really welcome :)
Comments in continuation of May 15-16 emails (copy on request).
And on chart.
Gitanshu
Attachment Converted: "f:\eudora\attach\cvr23.gif"
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