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To: AllansAlias who wrote (15424)	10/3/2001 12:41:35 PM
From: marginmike	Read Replies (1) \| Respond to of 209892

Ive been saying that for a week-g- ViX is holding up in face of rally meaning there is skeptisicm, ie we go higher. Id like to see one Gigantic 300-500pt rally where in the VIX drops 5-8pts. Then ill start thinking negative thoughts. We need people to get comfy again, and think the world is OK and to go on with their lives. It is a low probability bet to short with the VIX at 35-40, this is historicly high. It could in an event selloff go higher but its a low probability play. Better to go long on the vix 50-60 when it happens then to piss into the wind. I am in the weeds long some oil's and even out of the gold's until this rally fades. I will also remind you that COT's are 50% less short then they were 3 weeks ago the spoos. Not the time or place to fight the trend.

To: AllansAlias who wrote (15424)	10/3/2001 12:44:22 PM
From: The Freep	Respond to of 209892

p/c's may not be showing bullishness, but my cadre of online pals NOT on SI are showing extreme bullishness. Like EXTREME "that was the bottom" bullishness. A retest of the lows here soon would be really rather a remarkable turn on the Dow and S+P in particular, I think. That's over a 10% decline in them from here. . .moves they don't usually make over short periods of time. Ahh, the wacky bear market of 2001 has skewed everything, I guess. . . . the freep