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To: patron_anejo_por_favor who wrote (123311)	9/18/2001 1:54:28 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

no I adressed your specific idea that once the VIX spikes and falls back it's kaput ... Also, I think it is prudent to take some off the table -- but the VIX dropping back is not an unambiguous signal of a bottom Also, we are not now re-testing anything -- we have made new lows without any panic ... I'll gladly short any bounces -- the change in the VIX is irrelevant and not a useful indicator -- we are somewhere different now, IMO