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To: Voltaire who wrote (14302)	4/16/2000 11:53:00 PM
From: JohnG	Respond to of 35685

VIX & TRIN commentary. JohnG "The two major indicators I follow are both screaming buy. The VIX at 39.33 is the highest it has been since Oct-1998 and we all know what a buying opportunity we had then. The other indicator is the TRIN or the Short Term Trading Index also known as the Arms Index. This is calculated by dividing the advance/decline volume into the advance/decline ratio. It is also called the fear or panic index. The TRIN normally hovers around the 1.00 level and anything over 2.00 represents a strong buying opportunity. Currently the TRIN is at 4.48. The only time it has been this high in the last two years was in Oct-1999 and Oct-1998. Dates that will live in our collective memory forever. I know people who live by the TRIN and people who live by the VIX. When they both line up you should buy a lottery ticket. As you can see by the two charts below we should currently be at the mother of all buying opportunities. These indicator levels and $3.00 will get you a cup of coffee at Starbucks but will not guarantee that there is not another day or two of selling in our future. Still, don't let anybody tell you there is not enough fear in the markets to create a bottom. (These are available on Qcharts or Interquote as $TRIN and $VIX)"

To: Voltaire who wrote (14302)	4/17/2000 12:27:00 AM
From: Steve 667	Respond to of 35685

Volts Seriously for a change (something new), I hope you are right! But what is on my mind this time, is that everyone wants to see someone ELSE start the buying before they jump in. This gives us a lack of buyers. There will be no lack of sellers (margin calls, fund redemptions, tax payments, fear etc.) What adds to the problem is that there are a lot of people who jumped in too early last week that are now wanting to jump back out again. Let me ask you. If you plan to buy, are you going to wait for some bottoming action? If the answer is yes, well so is everyone else, so where does the bottoming action come from? Nobody wants to be the sacrificial lamb. These are just my thoughts and I hope you are right this week, it's your turn! If you are, I will be the first to toast you! For what it is worth (not much) I did buy some more SNDK just before the close Friday, but what the hell do I know. Steve 667 * Is it time for your medication or mine?