MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (3231)	5/22/2000 4:00:00 PM
From: LBstocks	Read Replies (1) of 19219

VIX wasn't as high as I like to see it to confirm a short term bottom. VIX hit 32. I'd rather have seen it at 35+, but put/call ratio at .89 is bullish. Also, anecdotal evidence of short term bottom seen on SI threads where many perma bulls threw in the towel and many perma bears were getting far too confident. Bears whipsawed today. Tough market for bears and bulls...

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