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Strategies & Market Trends : IDIOTVILLE.COM

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To: Jeff Jordan who wrote (6)5/30/2002 6:40:47 PM
From: Jorj X Mckie  Read Replies (1) of 181
 
I'm looking for any rally to top out at 1680 on the comp. This will set a lower high and position us for a stronger selloff.
COMP
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I'll be looking for 1085 on the SPX
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Looking for 21.50 on the VIX
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Basically, I think that any rally here is very shortable. These are all where I think any rally from here will top out.

To mark the bottom, I expect the VIX to be at least 38. I also expect the september lows on the comp to be breached by as much 10%
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