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

To: bobby beara who wrote (15619)	12/22/2001 12:35:01 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

the 57vix,etc were a function an event that would not have occurred without WTC,and are not a part of natural market action.I exclude as a moment of climactic capitulation. The most unnatural aspect of this was that the markets were closed for such length and during that time the foreign markets were selling off.When our market opened traders had to adjust to global pricing from the get go--all this was unnatural. I am going predict we will see a ^VIX plus 60 sometime in 2003.Max

To: bobby beara who wrote (15619)	12/22/2001 1:30:16 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

BB: Re: "Don't buy into the manipulation thing, the way other people do, the market is a giant crowd that switches it's thinking on a daily basis." Manipulation, as you call it, can lead and the giant crowd will follow and the two can coexist in harmony for a bit but that is it if earnings prospects continue to fall under pressure. Re: "a 57 vix, a number of the oversold 10 day trin hitting at different times during the sell-off, a 10 day cboe put/call of 1, you have a washed out/sold out market, a rare buying opportunity that doesn't come along very often, people who have been bearish during this whole rally because the economy stinks or whatever have misunderstood the level of compression set=up with fear and capitulation meters at the levels above." As opposed to looking at it as "the bottom", I look at it as a an event that offered a glimpse into the future from that point forward. If earnings prospects continue to come under pressure -- as I expect they will -- we will be back at that price level again and, quite possibly, lower.