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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31055)	4/5/2000 2:16:00 PM
From: James Strauss	Read Replies (1) of 50167

The Market... ***************** Ike: We have a very high VIX reading similar to October, 1999 at the bottom of the correction: stockcharts.com I used a Point and Figure chart for clarity... This shows extreme bearishness right now as puts are being bought hand over fist... This usually indicates the final stage of panic selling... The NYSE New Lows have been improving... finance.yahoo.com The Nasdaq and Russell have turned around... I bought ICGE and CMGI yesterday into the teeth of the dip... Both are leaders in their field and should move to the 200.00 area in the next 12 months... Jim

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