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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (8057)	1/2/2002 10:22:19 PM
From: jcky	Read Replies (1) of 23786

lol... It's amazing how useful this chart is: finance.yahoo.com^VIX&d=c&k=c1&c=^ixic&a=v&p=s&t=1y&l=on&z=l&q=l I'm sure we'll survive January 2002 with some extra pocket change on the long side. The question is when the next hammer will fall? Will it be February, March, April or May? The Nasdaq has gained over 40% since the September lows. It sure would be nice to see the market retrace some of these gains without testing the absolute September 2001 lows on thinner volume. Now that would be a solid bottom. I just don't believe the V-shaped bottom the market is currently suggesting for the recovery of our economy is credible. There's been just too much excess capacity in the technology sector, in my humble opinion, for such a sharp economic rebound.

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