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

To: Jorj X Mckie who wrote (55704)	10/10/2000 12:59:30 PM
From: John Pitera	Read Replies (1) \| Respond to of 63513

LOL right now the market seems to be thinking that no tech company escapes the slow down. FLEX obviously has a big agreement with MOT and if MOT comes out with bearish news that should drop FLEX a quick 10 bucks. I see the VIX has made it up to 27... Bill Meehan and Cramer had some interesting VIX comments today..... I never thought I would live long enough to see Cramer get as bearish on stocks as he did about 5 or 6 weeks ago. back in the middle of 1997 and 1998 he got me so mad because he sounded so fantastically bullish. ---------------- Meehan on the VIX 10/10/00 11:36 AM ET Bill Meehan emails in, re my VIX comment, that if you look back over the bull leg from late 1994, "when the VIX has dropped below 20 it has risen an average of 105% before the market had bottomed. If that holds true we should see VIX at the 34 area before it can be seen as 'extreme.' Surprisingly, if 10/97 and 10/98 are eliminated, the averagemove was approximately 85% which yields a VIX at about 31 for the current move. Personally I think it will reach higher levels." Good thoughts.