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Politics : High Tolerance Plasticity

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To: chowder who wrote (15055)7/15/2002 10:24:20 AM
From: kodiak_bull  Read Replies (3) of 23153
 
Good morning investors and punters:

Here's the VIX, up over 40 again today. I am cautiously entering the JimP camp here:

stockcharts.com[w,a]dbllyiay[pf][vc60][iut][J4230851,Y]&pref=G

There is nothing but gloom and doom on the airwaves, talk now that this bear may not be a normal bear but rather a secular bear. Dow is now below 8500, curbs are in, Naz is falling (although some of its stocks are holding or even rising).

I want a magazine cover, bring me a "Death of Equities" Biz Week cover.

For those who like pictures, here's another. Even without going into the details of what this put:call/VIX chart means, you can certainly see September's pattern beginning to re-form:

stockcharts.com[e,a]dhllnyay[dd][pb20!b100!b75!b300!f][vc60][J4299149,Y]&pref=G

We're still missing some of the elements of full-scale capitulation, but all I'm looking for is an exhaustion of the sellers here.

Any views?

Kb
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