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To: JRI who wrote (118036)8/23/2001 2:59:58 AM
From: patron_anejo_por_favor  Respond to of 436258
 
<<U think this is anything but a blow off some oversold rally, and we go back immediately down, or is there more to it?>>

I'm leaning that way, but I did cover and box most of my shorts early today. The main reason I think we have more down is sentiment...VIX at 25 and P/C 20 dy MA of .70 isn't the stuff of which bear bottoms are made. I think we got most of the oversold wrung out today, but I'm not gonna be selling REAL heavy into it, unless the jobs report tomorrow looks absolutely wretched. We have the end of the month prop job coming up, but after that is warnings season, AKA "the most wonderful time of the year" for poot owners!<G>