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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: JRI who wrote (37052)	12/2/2000 6:47:40 PM
From: timers	Read Replies (1) of 42787

Why on earth are you looking for the vix to skyrocket in relation to the nas selling? The mistake everyone is making is they are looking for further selling in the nas because of the recent vix levels and put call ratio. What does that have to do with the price of tea in china in relation to the nas? Everyone is expecting the nas to go to 2200s because of the broad market indicators. Why are you doing that? The only way imho that the vix skyrockets is if the s&p tanks. If it does it is more than likely imho that the nas is the one that skyrockets in the ensuing sector rotation. Nobody seems to be relating the proper indicators to their proper places in the market as a whole. It will be what causes them all to miss the bottom while they all wait for what they all hold as an anticipated bottom in the 2200s due to many reasons...one of which is watching indicators of the broad mkt and applying it to the nas. I personally see incredible bearishness on the nas right now and they all seem to point to a lower target in the 2200s for a bottom or a mid term bottom. The "common" buy bell so to speak that everyone waits on to ring at the predefined bottom usually never seems to ring. Then they seem to have to hurry to get back in higher when they probably should be gettin back out. But right now they all seem to have sold out to wait for the 2200s. In this selloff we have just had, a nas vix if there was one would probably have been well over 60. But everyone seems to be looking at a broad market vix among other indicators and waiting on them to hit certain levels before they begin to buy the nasdaq. ??? I definitely see fear of being long the nas right now and right here from the 2500's. The bottom is no longer generally being seen as "maybe now" but rather "in the future"... and down lower. imho. Thoughts?

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