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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (15283)12/20/2001 10:18:37 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
<problem is i have yet to see that despair.> this is being quoted out of context drat-rabbit,it was in a post about the P/S ratios in semis--and that is where i have yet to see despair--specifically in the semiconductors and semi-equipment stocks.And using the P/S as a measuring device.max



To: bobby beara who wrote (15283)12/20/2001 10:31:19 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
I doubt VIX will go much above 30 on the next bottom. September 21 was the bottom and had all the extreme readings needed, what we are going to see here is a classical retest in which new low should not be set, the number of the new lows per day will probably not be even half what we experienced on 9/21, and at most we would get two or three days of -1000 or worse tic reading, IMTO.

Zeev



To: bobby beara who wrote (15283)12/21/2001 5:43:06 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 99280
 
BB: Re: "yes, and i think that it will be very hard to duplicate that level of fear and despair so close in timeframe."

No one seems to want to talk about the other side of the equation. What about the actions of the government and institutions in supporting the market that week? These people had an entire week to plan and drum up the patriotism to support that market in a deliberate and coordinated fashion. It will also be hard to duplicate that kind of effort again in that timeframe again.