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

To: bobby beara who wrote (15687)	12/23/2001 9:51:29 AM
From: Chris McConnel	Read Replies (2) \| Respond to of 99280

bobby beara, you bring up some good points. What's more important: 1. how people are feeling, like the high bullishness in AAII survey 2. or what they are actually doing with their money, like the high cash level in money market accounts and high short interest Looking at the weekly naz chart, it seems to be rolling over just like in June. But things are much different now than then. 1. Liquidity pump by the fed reserve 2. Government stimulus including spending on security issues 3. A huge drop in fuel costs 4. At 1.75%, cash is trash 5. Seasonal good period for stocks Also the VIX is good at calling bottoms but so-so when it comes to tops. After the reaction low in Oct 98, the VIX fell into the low 20s and the market kept going up. There must be better indicators for calling tops. -Chris