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Strategies & Market Trends : Mu Gamma Lambda
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To: AugustWest who wrote (9577)10/23/2001 1:59:26 PM
From: Jorj X Mckie  Read Replies (1) of 10077
 
I am sticking with the idea that the next PB is a buying opp. Of course, I need the PB to buy back my CCs.

Talking to JP this morning, he pointed out that the p/c ratio was pretty darn low, I think he said .31. VIX is lower than it was a few weeks ago, but at a place where I would expect it to bounce up. Still, as far as a top, 33 on the VIX tells me that we are not anywhere near *the* top. I am looking at the VIX as indicating that we are in a very healthy climb of the "wall of worry".
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