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To: Jenna who wrote (219)3/14/2001 9:49:58 AM
From: Lane Hall-Witt  Respond to of 589
 
Let's hope the Dow grinds for awhile below 10,000 -- we need it to feel some pain, too. I'm afraid they'll spike it again, as they always do when it breaks 10K. But it'd be more healthy for the market if they sold it down to the 8500-9000 range over the next 4-6 weeks.

I'm watching the VIX for a possible "fear" bounce in the Naz. The CNBC has basically sold traders on the idea that the market always rallies off a 35 VIX. It's over 36 right now.



To: Jenna who wrote (219)3/14/2001 9:50:14 AM
From: Jenna  Read Replies (1) | Respond to of 589
 
Critics of this market can now to to Abbey Joseph Cohen What a joke. We called this market short in September, we stayed by that call moving to a "smash and grab" market since February. I hear she is hiding in some bunker. very good ignoring all analysts, junk mongers etc. Now when the market moves up, we get on that move! Nasdaq might enjoy some buying as the DOW gets kicked. I did think the DOW was getting way ahead of itself and we posted potential shorts these last couple of weeks.

Why did the investors in the nasdaq toss in the towel, so the traders can finally go long? We'll see. Look for the dow money to maybe move into nasdaq. Growth potential is still higher in the NASDAQ than the dow.