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To: Mark Konrad who wrote (48693)3/9/2001 11:15:39 AM
From: moufassa7  Respond to of 57584
 
cat didn't bounce to high. AG could ride in on a horse and save the day, just like an old western. I don't want to have my capital at risk hoping for that scenario. VIX is still under 30. Last bottom wasn't hit until we had a reading of 35. More downside potential IMO. NAZ @ 2067, new low, we may bounce again. I'm in cash now.



To: Mark Konrad who wrote (48693)3/9/2001 11:20:15 AM
From: Mark Konrad  Read Replies (1) | Respond to of 57584
 
QQQ just took out previous intraday low...watching now for signs of a minor double-bottom reversal or new leg down. FWIW, "plateau play" worked on MCDT in that it clearly showed an exit point just below 19 1/2 yesterday. Anyone have thoughts on where this one bottoms out?--MK--