Zeev's Turnips - No Politics Message Board

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

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To: bobby beara who wrote (44310)	3/27/2002 12:39:59 AM
From: t2	Read Replies (2) of 99280

bobby, It seems the VIX is cited as a key indicator for remaining bearish. To me it is looking like this indicator is a "bear trap". It is something that helps keep the level of skepticism high. Too many bears are holding on to this as a reason to remain short and of course too many bulls not buying yet for the same reason. Worries about tech valuations, decreasing trading volume, higher short interest and the fact that insider selling window for companies reporting in April is about to close are going to add fuel to the fire. I have not seen many commentators recommend tech stocks---hardly anyone. Analysts/Strategists are also pretty bearish on the group. Something just does not add up. <g> jmho

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