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To: Nathan who wrote (8440)7/31/2001 2:41:08 PM
From: AllansAlias  Respond to of 209892
 
Yeah, sure. I don't believe in the "new bull market" and I sure as hell don't think you can make out these last few months of jello in tech as a wave 2.



To: Nathan who wrote (8440)7/31/2001 2:43:05 PM
From: JRI  Respond to of 209892
 
If i may.....there's a lot to pick apart there...but gem-x seems to call a 29 VIX as showing fear (for some reason, he/she thinks its extreme)...that is not near an extreme level..

Current P/C, vix, vin, and AAII point more to complacency much more than fear....from that, I don't know how one get a 40-50% rally in COMPX..

Much of any "short bounce" will be gone above 2070-2080...that'll be a big battleground...above that, longs will have to carry the load...


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