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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: jjstingray who wrote (46603)4/3/2002 6:38:38 PM
From: Zeev Hed  Read Replies (3) of 99280
 
I think we are guessing about a turn date here, I would say 1757 will create a mild bounce, but the bounce should probably be sold. We will probably need two three days of a tick of -1000 and the equity P/C ratio approaching or exceeding 1 before we are ripe for the belated (if it comes, now quit doubtful) spring rally. The VIX and VXN have turned up, and until they start turning back down, we have to wait for a peak there, IMTO. Don't exclude a G&C in the morning, but one should not be fooled by such.

Zeev
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