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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (21370)	7/29/2002 1:52:55 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 26752

Have you seen a day like this lately Haven't seen this type of action since March/April 2000

To: Dave Gore who wrote (21370)	7/29/2002 2:19:54 PM
From: ajtj99	Read Replies (2) \| Respond to of 26752

Dave, I'm just saying that based on my observation of other bottoms, a VXN spike down of that magnitude in one day is not something normal. A more orderly 45-degree angle on a chart is what we normally see, which is what the VIX has been doing since last week. That said, I believe we will either drop from a local high in the next 1-1/2 sessions and test the recent low, or run all the way to COMP 1400 by Wednesday before reversing back down to 1000. We may do some of both.