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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Justa Werkenstiff who wrote (36021)3/2/2002 9:05:13 AM
From: Justa Werkenstiff  Read Replies (2) of 99280
 
I got a PM on this referenced post and so I will state the issue for the bulls in simple form: Was the rise in the comp. due primarily due to increased complacency as illustrated in my post or due to something else? If you think it was primarily complacency, then would you not need more of the same go higher? Issue then becomes whether you can get it with such a low relative reading already and the probability that Friday was a pivot day for the Vix. And the secondary issue is what will the Comp. be at Vix 28 the next time around? It won't be 1805 in my book. It will be much lower consistent with the trend and a new local low IMO.
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