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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (45939)8/17/2001 3:41:40 PM
From: Canuck Dave  Read Replies (3) | Respond to of 56532
 
Touche, Nicole. One can never predict the future.

There's a a lot of very ugly economic indicators out there right now, though. In 1998, US growth rate was an 'unsustainable' 6.5%. Not today.

I'm still happy to be on the sidelines, though if we hit a tradable bottom, I'll be more inclined to try it now.

CD



To: Nicole Bourgault who wrote (45939)8/17/2001 4:22:50 PM
From: LTK007  Respond to of 56532
 
i can find out,but if i see the ^VIX and ^VXN getting very high i will know the puts are getting very high and we are close to the bottom--the ^VIX and ^VXN be my prime measure for looking for tops and bottoms.I haven't checked ^VXN today--but i want to see it at least at 65 before i think of calling a bottom.PaxMax But,as you know,i am not day trading now so i making calls for what is well ahead.


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