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

To: Les H who wrote (37778)	3/5/2002 8:25:15 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

If memory serves, that last Fib turn was a low, Les. Should this one be a high? Some cycles have March 11 as a cycle date on the SPX/Dow/NYA.

To: Les H who wrote (37778)	3/5/2002 9:14:18 PM
From: Justa Werkenstiff	Respond to of 99280

Les: Anytime I can get a sub 22 VIX close at a the beginning of the month rally caused by the addition of fresh meat into this market with a hint of a turn in the Vix (lower prices; lower Vix), I think you have to think short. There have been many set ups like this the past year. With respect to the VXN, I have a stronger argument in addition to the one above. We are bouncing off the downtrend line today with a slightly bullish (inverse to the market) doji. Of course, longer term, the VXN is a short's dream as more complacency has not created higher prices trendwise.