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To: marginmike who wrote (15465)	10/3/2001 3:20:46 PM
From: JRI	Respond to of 209892

Props to you...great call this morning...eom

To: marginmike who wrote (15465)	10/3/2001 3:43:30 PM
From: JRI	Read Replies (2) \| Respond to of 209892

MM- Vix 25 is a target of yours (and maybe preferred sell pt.), but such a arbitrary target must have a bit of range around it....how 'bout 23-27? If so, I could see us hitting 27 on a move to Velo's 9500-9650....so maybe 10k isn't necessary for your scenario to come true (?)... As we successfully defend 9000-9100, I think confidence will be up/fear down, and don't think we'll never the same Vix/Dow pt. move ratio as today....ie., we'll get more Vix with less pt. move, IMO.. Just think of the bottom calls coming now...