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Strategies & Market Trends : Steve's Channelling Thread

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To: Crimson Ghost who wrote (19470)	6/29/2001 10:04:00 PM
From: Kailash	Read Replies (1) of 30051

George, I agree the odds are against a rally following today's action. Here's some informed guesswork on the cause of new lows in volatility indexes -- schaeffersresearch.com schaeffersresearch.com In Schaeffer's view, "today's volatility implosion should be a serious concern to the bulls, as climactic liquidation of long put positions is often coincident with significant market tops." I think this afternoon's action in general has to be considered 'climactic'! Kailash

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