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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (17433)	3/4/2002 11:58:26 AM
From: Oral Roberts	Read Replies (1) \| Respond to of 23786

My bearish add to that would be it happens at both tops and bottoms and the Dow is in a very clear and strong uptrend since Sept. I am a little confused as to where he came up with a big sell off. I don't call from 10,200 to 9600 a very big sell off when the run was from 8200 to 10,200 over 3 months.

To: Original Mad Dog who wrote (17433)	3/4/2002 12:44:40 PM
From: jcky	Respond to of 23786

Hi OMD, Thanks for sharing this interesting article. The author is correct in pointing out that extreme volatitily is usually associated with market inflection points. But the volatility index has been extremely low with this recent rally and so I have my doubts. While I cannot ignore the strength of the Dow, I had always assumed it was secondary to sector rotation from the Nasdaq stocks. If the Nasdaq can follow suit with the Dow, it's best to exit short positions and go with the flow in the short term picture. It won't take much to spook this market again in the next several months. Another set of manufacturing data in the future suggesting contraction and it's back to the drawing board for this market (it's hard to draw a trend from just one set of positive data). In the meantime, I'll stay long and play it by ear. You never know, the WSJ may actually be right?