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Technology Stocks : Full Disclosure Trading

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To: Susan Saline who wrote (8030)2/26/2004 1:34:29 PM
From: Return to Sender  Read Replies (1) of 13403
 
OT: I'm watching the VIX/VXO for a dip to around 14. If we get that soon then this rally will peter out. Keep in mind that the NASDAQ was down 5 weeks in a row. Due to the limited volume on the upswing thus far I cannot see this as anything other than a relief rally from a short term oversold condition.

There is too much complacency in the market. Not enough put buyers. Not enough bears.

I intend to be very careful because I think we have more downside ahead after what will likely prove to be a very short rally now unless we get a little more fear in the market.

JMHO, RtS
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