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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (28004)	9/19/2001 12:45:48 PM
From: ajtj99	Read Replies (1) of 30051

We hit a -1200 Tic so far today, and VIX topped out at 45.10. Vix still below Monday's high of 47.70. I don't see how we're going to stop between here and the '98 lows on the indexes. I think we'll have buyers at 1353 COMPX, not at 1477 COMPX. I think we'll have buyers at 950 SPX also, and I don't have a guess about the Dow. There is so much negativity out there right now that unless we hit the bottoms of the last market crash, we just won't see any sustained buying for a bounce, IMO. Zeev, I've got to hand it to you for having the guts and abilities to scalp some gains in this market right now. Hope your stops don't come into play on your fully loaded plate.

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