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

To: bobby beara who wrote (44310)	3/27/2002 12:39:59 AM
From: t2	Read Replies (2) \| Respond to of 99280

bobby, It seems the VIX is cited as a key indicator for remaining bearish. To me it is looking like this indicator is a "bear trap". It is something that helps keep the level of skepticism high. Too many bears are holding on to this as a reason to remain short and of course too many bulls not buying yet for the same reason. Worries about tech valuations, decreasing trading volume, higher short interest and the fact that insider selling window for companies reporting in April is about to close are going to add fuel to the fire. I have not seen many commentators recommend tech stocks---hardly anyone. Analysts/Strategists are also pretty bearish on the group. Something just does not add up. <g> jmho

To: bobby beara who wrote (44310)	3/27/2002 3:28:44 AM
From: sean sanders	Respond to of 99280

Hey Bobby let me know what you think of my analysis here Message 17250059 basically what I'm saying is that the NDX or QQQ is brushing against 2 minor-intermediate trendlines here. And just slightly lower is a intermediate-major one. We also have some gaps to fill at some point. I think it looks fairly good for a bounce here. or in the near future when we hit the intermediate-major trendline Sean