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To: sun-tzu who wrote (133873)	11/10/2001 6:14:45 PM
From: Shack	Read Replies (1) \| Respond to of 436258

after index moves of 20-30% off the lows, a VIX at hard support and retail investors/fund managers lapping up overpriced tech at a top, it's hard for me to see sustained upside. You're quite right st, but I have the same feelings towards the downside at this juncture. I think that aside from some decent weakness Monday or Tuesday (I believe Tuesday), there is another high building before we get any decent down IMO. I really believe that we are too close to major resistance at COMP 1930-1950 not to hit it at this point and anytime we swing down, the bears get too lathered. However I think the next top will be the last for some time as the bulls will get way too excited. I can already see some evidence of that building. We'll need a VIX into the low 27's before that interim top is hit. Such are the sentiment dynamics of a broadening top. Lots of whipping around.