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To: Walter Xie who wrote (10005)	2/9/2001 11:27:10 PM
From: Walkingshadow	Respond to of 13572

Walter, Really, it was just a shoot-from-the-hip remark, based only on the fact that the market always has a statistically low likelihood of moving in any one direction too far, too long (or for that matter, standing still too long). So the commonest feature of any market is breaks in the major trend, in the form of corrections, consolidations, bases, countertrends, bull and bear traps, and so forth. I don't follow the VIX routinely, but I will look at other market internals and sentiment indicators over the weekend, and see if I can see any coherent picture emerging. I would like to know in more detail what your spin on the VIX is, and what you think it signifies going forward. TIA, WS