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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 172.92-0.9%9:39 AM EST

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To: marginmike who wrote (103891)9/6/2001 11:55:16 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
Schaeffer liked potential symmetric VIX top
I think sentiment is worsening though, to the level that many are beginning to smell the recession imminently, and its effect on stocks for months to come

I also wouldnt be surprised to see a higher VIX before a counter-trend rally
anything over 30 indicates heightened fear or big bear sentiment
but I expect a little higher than 30 also
esp when a cavalcade of warnings arrives on cue

but what of forward guidance?
it could actually be expressed as improving
remember that Leading Econ Indicators have risen 4 straight months

/ JW
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