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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Atin who wrote (48025)	8/7/2000 1:17:01 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

I think that an important point is that the complacency can go on for some time before a correction happens. But the fact that the VIX has skipped along under 25 since July 1, even though we had a 600pt drop in the naz from the recent highs, tells me that there was no capitulation and that it is coming down the pike. 27 would be the "everyone out of the water" number, but that could happen over night, so we might not be able to use a signal on the VIX as an advance warning. Also, you might want to look at the 2pt chart to see an interesting trendline. I think that 30 might be the "all clear" signal.