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Strategies & Market Trends : Moufassa's Lair
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To: moufassa7 who wrote (12115)3/10/2003 7:52:17 PM
From: KevinThompson  Read Replies (2) of 13660
 
I think the clue for us as to the extent of this slide will be what happens on the VIX. If fear never really takes hold, we may start to see a local bottom form and a turning point, and maybe a bounce up. However, if we see VIX take out 40, I think that will be a sign that we will get some heavy panic sell-off. That kind of sell-off will likely be very sharp, and drop us well below the Oct. lows.

Watching the VIX,
KT
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