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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who wrote (344)	2/22/2002 9:33:24 PM
From: Robert New	of 787

Agree fully on 1075...when this level goes the market should rollover fairly fast imo. We bounced off this level and the bottom of the Nasdaq downtrend line at 1700. I think a small bounce is possible early next week and I'll be looking to reestablish short positions into that. I seriously doubt we bounce very far before caving thru support on the SP's. Both times we hit 1075 the VIX spiked to over 27...seems to me the market senses that this is a very important level.

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