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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	1/28/2003 5:36:24 PM
From: jjstingray	Read Replies (2) of 209892

Man you would have to be crazy to be long here other than a scalp. This went from 1.00/1.10 yesterday all the way down to .65/.70. That is not healthy for the market. VIX and VXN down considerably and the 10 day moving average of the put call ratio fell hard. My guess is top tomorrow and crash into Friday. Hahn has the 29th and 31st as important dates, so I will play it out that way. Everyone was looking for a bounce and today it came. We may get a bit more tomorrow due to the enthusiasm of the SOTU address, but we will see.

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