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To: patron_anejo_por_favor who wrote (7152)	7/29/2000 4:27:54 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Thoughts on the VIX: If we are going to make an oversold bounce here, it will be in the face of significant complacency. The VIX is @ 24 and change, certainly nowhere near a point of capitulation. VIX readings prior to the 2 crash days in April were definitely higher (precrash closes were on 04/03 to 04/13): chart.yahoo.com My best guess is if we get a nice hitch up at the open on Monday, it will get sold or the resulting rally will be brief and unimpressive. A lot of technicians are looking for gap support (on the 'Dung at 3580 or so)...but who's to say it will be strong or lasting? Certainly not the VIX, nor other sentiment indicators (ie, 20 dy MA of the P/C). BWDIK?