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To: stomper who wrote (10093)	3/16/2001 6:30:48 AM
From: Poet	Read Replies (2) \| Respond to of 10876

Hi Dave, Re. the VIX, 35 is often spoken of on CNBC as the the level of fear that signals a bottom. Historically, the number is much higher, closer to 55 or 60. The question in my mind, though, is the shape of the bottom. A v-bottom, one marked by that much sought-after capitulation, would show a very high spike in the VIX. But there are u-bottoms and L-bottoms as well, in which the VIX may never spike that high and the market essentially drags its sorry butt along the bottom for some time. McPoet, celebrating St. Patrick's Day early this year.