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

To: Herschel Rubin who wrote (73991)4/3/2001 1:25:19 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 99985
 
VIX hit 60 in the 1998 drop. Looks like it may have to get to that level or close this time as well before a major turnaround can commence.

Note that NAZ now is close to its 1998 trough, but Dow still is way above that trough. I find it hard to believe that this market can turn in a sustained way until the Dow gets hit and hit hard. A Dow smash would represent a real investor capitulation


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