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To: AllansAlias who wrote (19300)11/5/2001 10:48:58 AM
From: marginmike  Respond to of 209892
 
looks like my original 9500 was a good target-g- Wish I had stayed long the banks, but at these levels I havent the conviction to have to much long exposure.If the VIX is indeed in a new higher range between 30-40 we are getting close to the end here and a selloff should begin ASAP. If this lunacy doesnt switch Rydex even lowe in the bearish and MM camps I would be surprised.



To: AllansAlias who wrote (19300)11/5/2001 10:49:07 AM
From: Shack  Respond to of 209892
 
Given the corrective structure of this recent rally, I am trying to work backwards here on that assumption. If one was to call this run an 'x' wave, here is what the count may look like:

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