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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (41252)3/17/2002 12:29:57 PM
From: LTK007  Read Replies (1) of 99280
 
Zeev looking at the VIX and noting it has only clearly failed once in the last 5 years, i think it should be noted the failure preceded the massive blow-off bull-bubble mania run from end Novembeer 1999 to the March High of 1552 for SPX.
If in fact, and it is quite possible, the Street suckers that sideline money in right now.
The word 'massacre' in term of 'June Massacre' will prove to be quite accurate.
i am now torn. In December 1999 i threw in the towel and went long 100% as a concession that 'Clowns had taken control'.
Right now i am scratching my head and thinking 'can they really do this, can they really go WACKO just two years out?' Zeev, it is looking like they can--Momentum in SPX hit 229 in March 2000, it is now 77 and rising.Max
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