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To: AllansAlias who wrote (23308)11/30/2001 11:35:41 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
In the wider time frames, if we see another leg down in non-tech (which I am starting to favour as per the wiggle ED), then the large ED I have been tracking in the DOW is dead and I then go to the alternate ED which has us completing the (ii) on the next move down and is much bigger. and we grind up until the second week in January more than likely.



To: AllansAlias who wrote (23308)11/30/2001 11:48:39 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Vix up smartly today....I see this as negative for bear case (I know some would disagree) but seems like there is still too much fear of down....if we do a "C" down late today/Monday, VIX could go to 29-30 in a heartbeat..

As much as price, we may need time at these levels (slightly above) to get investors too confident again...starting to think about Shack's scenario (extending into Jan.)...I just don't know if a week is enough anymore (for a turn)


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