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To: marginmike who wrote (21533)	11/19/2001 10:10:38 AM
From: JRI	Read Replies (2) \| Respond to of 209892

Thanks for that and you may prove right...I am only looking for a 2-3 day correction here (and then strong into mid-December)...so far, not so smart a bet (my average QQQ position is almost exactly 40).. Like said, sitting on 80% (no margin, of course) position left....so I can take a little pain.. I actually thought we would be down early this week (as well), because (1) I am expecting a bump later in the week (holiday as you mentioned) (2) Options ex was up, so I though we'd seen some unwinding early this week (3) Toppy indicators as mentioned..

To: marginmike who wrote (21533)	11/19/2001 11:06:43 AM
From: JRI	Read Replies (2) \| Respond to of 209892

VIX at 26 and half (or so)....its going down pretty quick... I find it stunning if, somehow the VIX can get back to this summer's levels...how can anyone get that complacent again (given what's been going on, economically and otherwise, since this summer? Amazing) I think it'll be a GREAT shorting op.....very fat