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To: yard_man who wrote (129682)	10/16/2001 6:48:28 PM
From: sun-tzu	Read Replies (2) \| Respond to of 436258

current VIX range is 32-40. p/c ratio is .70 and the 10 dma of the p/c ratio isn't much higher...pretty middle of the road. if p/c ratio was .9 or greater i would agree with marginmike. but given neutral p/c readings we are range bound. in fact, until today the recent VIX move was up. now if the VIX breaks 32 the next border is 29-30, but given the current snap back i think the most likely scenario has the VIX moving up to 40 before its' next decision point.