P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: jjstingray who wrote (17022)	11/25/2002 5:05:09 PM
From: Return to Sender	Read Replies (1) of 30712

Unfortunately if you want to be short technology and make money things can still get more overbought and even more bearish for the longs first. Today was a great day for the bulls but the VIX did not fall. It rose. I'm looking for a VIX reading back at 20, a VXN reading of 40, or below, several closes of the put to call equity ratio below .50 and a gap of 30% between the bullish to bearish investment advisors before I would be willing to go short and fight the momentum in this updraft again. I'm all in cash now and sleeping better. This market is running higher on far too little fundamental strength but it is gapped up higher at every opportunity and held there by players with far more capital than we have left. RtS

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