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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (19802)	8/30/1999 10:40:00 PM
From: Nicole Bourgault	Respond to of 56535

Trader J, And what to say our forgotten? I looked at some titles which we spoke already much on this trade, and I wonder whether there would not be which would deserve our attention. SBAC DBCC WIND PROG NAVR PRFM Thanks, Nicole

To: Trader J who wrote (19802)	8/30/1999 11:26:00 PM
From: JEB	Read Replies (1) \| Respond to of 56535

J, The VIX is looking awful bullish. It has formed a reverse or inverted Head and Shoulder pattern. The possibilities are the VIX will run up from here (the market falls next couple of days), or turn down to 22 area (in which case it is forming the right shoulder and should break down the market in a week to 10 days), or fall to 20 (in which case we have a double bottom and should break down the market in a month), or it could re-test its low 52 week low (in which case we could really be looking at a big drop in about 45-60 days). I don't see any way the VIX could form a positive chart for the market. Even if it trades sideways, its eventually going to head back to 30+ soon. (IMO) Good trading, JEB