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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (22712)11/28/2001 8:51:04 AM
From: JRI  Read Replies (1) of 209892
 
Are you surprised at all on how quickly bulls bailed there (Rydex) yesterday....I am...I thought the sideways action the last 2 weeks (also, looking at VIXs relative calmness/bullishness), we'd see more bullish apathy on a day like yesterday...

I take it, when you talk about it going to an extreme, a spike will do...you don't need a sustained (a few days) period at that high/low (respective) level.
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