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

To: TREND1 who wrote (33502)2/26/2002 12:03:45 PM
From: LTK007  Respond to of 99280
 
i,for my own self,believe in terms of time we have until 2003 to test 9/11.Base this on the historic headfake that happened in 1930.Max



To: TREND1 who wrote (33502)2/26/2002 1:47:51 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
Larry, we only have a short history of the VIX and VXN, but in 1987, the VIX hit that astronomical 172 on Oct. 20 then dropped to 36 and subsequently rose to 50 on the re-test. That's what we need to look for in a successful re-test, IMO.

The spike in the VIX last week was only from 22.14 to 27.45. This does not appear to be the stuff that bottoms are made of. I think we need a VIX spike above 30 to cement a short term bottom.


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