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Politics : High Tolerance Plasticity

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To: CpsOmis who wrote (8155)9/18/2001 6:50:33 PM
From: kodiak_bull  Read Replies (2) of 23153
 
Cosmo,

I agree. I was happy today to get back (almost) to my regular routine. I don't believe our VIX of 45-46 is finished with its run:

stockcharts.com[m,a]daclyymy[pb50!b200][vc60][iUb14!La12,26,9]

I don't know how high it's going but personally I've gone from VIX Formula 44 to Get Your Kix from VIX Sixty Six. I will be willing to deploy capital (some) if we retrace to the low 40s, otherwise I will await further rising in the VIX.

Similarly, the OSX looks like it would like to go lower. No capital commitments until we see a trend reversal in the OSX.

I have not added to any shorts yet, part paralyzed by patriotism, but in the next couple of days if I see home builders or retailers I (don't) like, I'll short them. The markets are back up and working, and following my general investment thesis for this fall: down.

Kb
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