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Jack Baroudjian (sp?) says the market is hedging now, and that explosive
upside moves happen when the hedges come off. Does the COT show this, is it
released more often now? Is it simply buying puts or selling futures against
stock positions?
I am asking because he said this last night too, stating the market "is
doing what it is designed to do", as though this is unusual.
I get the connotation that the pros are expecting more downside, but would
like to know if anyone has specific comments about Jack B's comments.
Michael
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