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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: el paradisio who wrote (73065)3/22/2001 1:17:01 PM
From: Robert New  Respond to of 99985
 
Also agree and have been accumulating selected tech stocks with about 25% of my cash at current support levels. History shows that a 40+ vix print doesnt hold for a long period of time. That doesnt say it cant go much higher in the near term...it can! However i do tend to agree that its worth taking some long positions here while keeping some powder dry for the possibility of a better entry later.

Will put the majority of cash to work on confirmation of a bottom...



To: el paradisio who wrote (73065)3/22/2001 2:15:24 PM
From: Ron  Respond to of 99985
 
VIX spiked up above 41 this morning Extraordinary. Traditional thinking says this is a indicator of fear and loathing in the markets. What think ye, seers of the direction thread?