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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (23214)	8/17/1999 7:06:00 PM
From: Gary Wisdom	Read Replies (3) \| Respond to of 99985

Re: <<Look how fast the vix has recovered>> BB, this market gauge has shown the specialists have been net long for weeks now. The smart money was long in this market, at least on the NYSE stocks. The vix has recovered so quickly as the "non-smart" money had been buying puts looking for protection when none was needed. When looking at the daily gauges, the specialists are unwaveringly long. Now, I'm not saying that will always be the case, but this site has been right on so much since I've been following it -- more so than any other indicator I've looked at (except Don of course). The drg closed barely over 350 today. If they can build a base here, the drug stocks could possibly put on moves like we saw last summer. Who needs Yahoo when WLA can put on 20 points in a week? <ggg> marketgauge.com