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

To: Techplayer who wrote (57027)	10/18/2000 10:15:26 PM
From: Doppler	Read Replies (1) \| Respond to of 63513

Hi TP, The VIX topped out at 41+ in April but only 36 in May. Twice in the last week we hit 36 and reversed. That 36 might be enough of a top in the index for us to put in a bottom in the markets. OTOH, the current PO for the VIX is 41. Which by coincidence just happens to be the old high as well. Many would argue that in order to get a true final capitulation we will probably need a much more severe drop than we have seen. ie Naz at sub 3000, and/or Dow at sub 9200.