Zeev's Turnips - No Politics Message Board

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

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To: ajs who wrote (63858)	5/8/2002 1:25:30 PM
From: Jeff	Read Replies (2) of 99280

right now this isn't a bear market rally.... its a one day wonder compliments of CSCO and of option expiration.... SPX pierced and closed below major support yesterday...there was no bottom of panic selling or bottom support for this to run from for a true bear rally.... vix and vxn didn't spike yesterday.....yesterday was no bottom... and VXN pierced its 200 day ma....and made a higher high...if that was a stock in a bullish pattern....it would be in a sucker sell off right now before a move to a higher high..... i expected an options ramp...but not all in one day...but like i said...CSCO will be old news next week...its get while the getting is good....and that means now... the crap was running...see WCOM....;-)

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