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

To: Zeev Hed who wrote (86862)	6/26/2002 5:44:04 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Zeev, the VIX dropped in the PM, but the VXN did not confirm it. The same thing happened 10-days ago when we dropped from 1550-1495 on that Friday gap down. The Vix reversed off a spike, but it was never confirmed by the VXN. The candle from that day is nearly the same as today on the SPX. The Naz narrowly got green. I am highly skeptical of any rally at this point. In fact, I believe it may be over with. Just an observation. The volume is good, but not the 2.4 billion we normally see at bottoms. The candle is one we normally see on the 2nd day after a bottom is put in, not one at a bottom.