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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (55074)	10/1/2002 3:27:24 PM
From: The Freep	Read Replies (2) of 209892

The VIX melt since yesterday's high is impressive -- over 15% off that puppy. Then again, the Dow's 400 point rally off yesterday's low is also impressive. The put call was over 1 early today as well, and the overall is still .87. Not bearish. While I remain bearish here, I gotta say this up went much farther in non-tech than I expected, and I got stopped out of a bunch of puts. Also the BTK looks to have regained its feet (signalled all day long by AMGN?). And, well, it's actually hard to find a ton of near-term bearish things. No one was looking for a rally to start on the first day of October, that's for certain. And yet. . . here we are. Go figure. the freep

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