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Strategies & Market Trends : Take the Money and Run

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To: Challo Jeregy who wrote (16088)	8/26/2002 1:05:27 AM
From: PuddleGlum	Read Replies (2) of 17639

Your IRA, yes, I could have remembered that your IRA was your primary trading vehicle, since I'm in the same boat. But I have just enough in my non-IRA accounts to take a stab at some puts if I felt like we had a strong downward leg here. One reason that this may not be the beginning of a longer term down move is evident from a look at VIX. It had a blow off top (a market bottom) already, and then overreacted to its current level, which is now being corrected as the market falls. Then we could easily have another rally, of what magnitude I cannot guess. I suspect we'll see mostly down until right around 9/11, then we'll get that rally. If you want to know more of what the future holds, you'll have to make an appointment. And my next available appointment slot is sometime in October ;-) -pg edit- Just noticed Larry's VIX charts. I do concur that VIX and VXN are significant.

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