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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: Jenna who wrote (219)3/14/2001 9:49:58 AM
From: Lane Hall-Witt   of 589
 
Let's hope the Dow grinds for awhile below 10,000 -- we need it to feel some pain, too. I'm afraid they'll spike it again, as they always do when it breaks 10K. But it'd be more healthy for the market if they sold it down to the 8500-9000 range over the next 4-6 weeks.

I'm watching the VIX for a possible "fear" bounce in the Naz. The CNBC has basically sold traders on the idea that the market always rallies off a 35 VIX. It's over 36 right now.
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