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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (11026)11/1/2002 2:02:32 PM
From: Lazarus_Long  Read Replies (2) of 57110
 
You could turn out to be right, at least short term, even if a new bull has started. It's about time for a reaction against this rally. It could be short though. This rally is only 17 days old and already is rounding. The drop into it started in early March and was almost continuous until mid-July. But as SusieQ said, it could break out either way. The market impresses me like it is waiting for some significant news to kick it one way or the other.

VIX is still fairly high, though. I'd say that a reaction is due with a lot more confidence if it were 22 instead of 34.

BWDIK?
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