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

To: Zeev Hed who wrote (39918)	3/11/2002 4:45:50 PM
From: Shack	Respond to of 99280

I am looking more at the 10 day MA but you are correct there were some brief visits to even lower levels but not much price appreciation in the OEX. In fact the OEX corrected 50% of that OCT-DEC rally throughout Jan and Feb until we got the VIX back to 30+. Again, it is just a clue to me that we aren't going much higher until we can get at least a brief spike in fear. That equity P/C ratio is certainly worrisome for the bulls as well. If we get a big VIX spike and very little pullback, that will be a clue we are going much higher.