Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (25199)	1/29/2002 1:59:06 PM
From: 4rthofjuly007	Read Replies (3) of 99280

re:capitulation. I think that you are correct, NV. However it is probably short term in nature imo. We do have "get me out" selling in some big names and we should get a strong bounce short term. AA on the cfz-ewave board pointed out that vix spikes, the size of the one we have today, have been followed by double digit % advances in the compx. Fed meeting might catalyze this bounce. I keep hearing fund managers on CNBC saying the are looking for dips to deploy funds so let's just see how patient they have been. I have been short the NDX in size for weeks and plan on staying short even if we do bounce. I just don't think that stock prices, especially in tech, have "reality" priced in yet.

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