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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: qwave who wrote (103921)	9/6/2001 1:39:03 PM
From: marginmike	Read Replies (3) \| Respond to of 152472

My position is diferent, Iam 99% cash and I am siting on a Mid 6 figure profit in my shorts. To take a litlle gamble with the hous's money is diferent for me then for you. The Vix should probably backtest 28 area so I expect a rally then a bigger selloff. Havnt decided if I will play smaller rally, since the second selloff will take us to ne lows on Comp. If VIX can get above 35 by monday then I will assume there will be no intermidiate rally and go long. So I guess I am looking for more extreme VIX reading. The one thing that concern's me is the fact that every major INTL indicie made new lows. I would think we need to as well. They are all back to 1998 lows. If I remember correctly that leaves alot of room for DOW on the down.