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Technology Stocks : JDS Uniphase (JDSU)
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To: Venkie who wrote (3782)1/4/2000 7:44:00 PM
From: t2  Read Replies (2) of 24042
 
About 1 billion flowed into US stock mutual funds yesterday much better than late last week(some outflows). That is why i find the selloff very unusual. I am sticking to the hedge fund trading shaking out weak hands theory.

The flows will only increase over the coming days and mutual funds can't just sit on too much cash.

I also noticed that Bob Pisani commented on the options volatility index (VIX)--around 29. He stated that when it hits 32 intraday, it usually means a bottom. Maybe someone who follows this index can comment.
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