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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Crimson Ghost who wrote (17024)12/30/2001 1:09:48 PM
From: Zeev Hed  Read Replies (5) of 99280
 
George, with these low VIX numbers, you also want to see a sub .50 (even sub .48) equity P/C ratio, Friday that bounced back to .58, even Wed. and Thur. these were at .50 and .49 respectively. Only on the "sandwitched" Monday it got to .45. I think that we may go to a further extreme before we fall again (and thus my suggested bullish first two weeks of January). If the VIX stays here under 22.5 and even make new local lows under 21 with the equity P/C ratio dipping well under .48, then a relapse may occur even earlier in the month. Right now, I think we are going to "take out" 10250 on the Dow and 2065 on the Naz so as to assure every bull, that the current bull move is still alive (as per LG, "think like a criminal").

Zeev
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