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To: The Freep who wrote (47952)	7/29/2002 2:40:52 AM
From: augieboo	Read Replies (2) \| Respond to of 209892

Mr. Freep, Sir: AJTJ's point, with which I agree, (thus making him a genius), is that we can't have a good rally unless everybody goes along, and the NAZ just ain't ready to go to the party. And if all we're going to get is another 150 one-three day wonder, why bother calling it a rally? Why not just call it a chance to reposition some shorts? Here are some ANNOTATED CHARTS to illustrate the point. 1. The VIX has reached September levels, that is true. But the VXN isn't even close. home.pacbell.net 2. There is just too much farking bullishness in both the COMP and the NDX. home.pacbell.net home.pacbell.net 3. The rate of New Lows on the NAZ simply does not compare to that in September: Here is August-September: home.pacbell.net Here is June-July: home.pacbell.net Finally, the COMP chart looks like chit: home.pacbell.net

To: The Freep who wrote (47952)	7/29/2002 5:25:58 AM
From: Death Sphincter	Respond to of 209892

VIX was in the 20s-30s right up to Black Monday 1987. Hit 172 on Oct 19,1987 and stayed in the 100's for 7 days then drifted down into the 50-60s until mid Nov 87, slowly working its way down after that.In my opinion, 87 crash was an Elliott 'cycle' wave down and from its bottom a cycle wave up to the all time highs and so it would appear that this another is a cycle wave down.....there should be extremes during cycle waves. bring on some 100 plus VIX and we will see some real fear/capitulation...if not soon, then in the not too distant future. things will get real stinky then Fumes