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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (6104)3/5/2000 11:29:00 AM
From: Jim Willie CB  Read Replies (2) of 35685
 
TA on overall market: VIX is dangerously low (complacency)

Barrons reports the option put premium index VIX is at 21+
the consensus figure of 20 represents an extreme level indicative of excessive complancency
we are in that neighborhood now

with the Naz reaching the stars in last couple weeks, and S&P only now beginning to show signs of life, we could very soon see some corrective market action... who knows about when exactly, but soon... my guess is if Naz hits 5000, we could see some sharp pullbacks on the Naz... it is my hope that the Naz does some minor intraday correcting, minor pulling back, diddlying and fiddling, while a raft of our favorites lift up nicely

the Russell2 is now keeping pace withe Naz almost lately
smallcap stocks are doing very well this year, easily beating the S&P and Dow (who isnt beating the DustBowl Dows)?

so we are days away from some little painful selling episodes, methinks

like sphinktas, just another opinion
/ Jim
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