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To: Kayaker who wrote (5621)	1/30/2000 5:42:00 AM
From: Smacs	Respond to of 24042

Here's another interesting VIX overlay... If this is only a slight correction (which it often is) then VIX=30 appears to be a turnaround point. HOWEVER, checkout the VIX in October 1998...it was more than double the current level. I think the statement is true that volatility is a good indicator of the market bottom...the hard part is figuring out when the VIX is at its max. No? Food for though, -sm- stockmaster.com

To: Kayaker who wrote (5621)	1/30/2000 12:08:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 24042

Something to remember this week... The Coming Week: A Market Running in Circles By Justin Lahart Associate Editor 1/28/00 8:07 PM ET "Until we get the Fed out of the way, I think we're going to continue to be volatile with a downward bias," said Tony Dwyer, chief market strategist at Kirlin Holdings. The problem is not just the Fed but a fear of losing the money made in the fourth-quarter run-up. "Everybody's trying to get out the door at the same time, to not give up the gains. That's a more important backdrop to the market than even interest rates." ....Scared? A lot of people are. The highfliers are cracking, and people are seeing those once-in-a-lifetime gains melt away. Those who stand their ground, who buy when the weak holders capitulate, will make out well, Dwyer believes. "The momentum stocks that took the market up to unstable levels are bringing it back down," he said. "You're even beginning to hear panic in people's voices. Panic brings opportunity.".... thestreet.com (requires subscription)