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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (22711)9/28/2000 4:38:02 PM
From: bill meehan  Read Replies (2) of 436258
 
Just looks like an oversold bounce to me, but could go a bit higher to screw even more folks. I found it amazing that II bullish sentiment increased and bearish sentiment fell to only 28%. Looking back to the beginning of the bull leg (late '94), every time the VIX fell below 20 there was a trough to peak move that averaged 105%...VIX today at 21.95. Arms index never indicated a bottom, etc., etc. AAPL warns, not exactly earth-shattering, but wouldn't be surprised by more significant announcements next week.
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