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To: Shack who wrote (30757)2/9/2002 10:22:56 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Shack, how does the spring rally coincide with Velo's idea that we have (likely) started the big 5 down off COMP 2098....I don't see how one can reconcile these 2 positions..

If we get a spring rally....is this latest down move an a-b-c correction (and the spring rally is the "C" brother leg to the "A" 1387-2098)...that doesn't make sense to me either, for I thought you weren't looking for new highs (on the spring rally)..

Finally, you ARE in the group expecting this thing to die out around Wednesday and 1860 COMP (+/- 10 pts?) before next down leg, right? (and THEN spring rally?)



To: Shack who wrote (30757)2/9/2002 12:55:12 PM
From: NOW  Read Replies (2) | Respond to of 209892
 
sheesh: one afternoon rally after relentless down and everyones already looking up again....<g>



To: Shack who wrote (30757)2/9/2002 2:19:23 PM
From: Challo Jeregy  Respond to of 209892
 
I agree about the sentiment #. But the fact that soooo many are watching it bothers me VERY much! -g-

The VIX works off of the OEX, which is, essentially, 100 stocks. If those 100 stocks have maintained a large trading range for two years, maybe the holders of those stocks just don't care to watch anymore! -VBG-