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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (19779)9/23/2001 8:04:08 AM
From: Justa Werkenstiff  Read Replies (1) of 52237
 
Don: Thanks for your thoughtful analysis. One of the bullish signs was the reversal in the VIX on Friday and the fact that the market closed off the lows. If it were not for the fact that this occurred on options expiration day, I would be more convinced that we had set a short term bottom. I think we are close anyway if not there already.

As far as any "hints" of capitulation, I think all of last week was capitulation by money managers who saw it as their fiduciary duty to puke in the face of uncertainty.
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