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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (15820)	8/5/2002 6:43:12 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

Well, I went to conserve capital mode again in trading account, also back to 50% cash in IRAs. My IRA's have lost a frightening amount of money in the past couple weeks, and I am not happy about it. I was basically caught in a bear trap. The high risk strategy of I had employed the past few years of buying high beta techs at market oversold conditions, did not work this time. I'm sure we will have that rally sooner or later, but right now all I see is persistent selling and closing at the lows. This commentary I posted yesterday from this source, on the VIX and volatility: zealllc.com <<An alternative approach to analyzing volatility is the way we were doing it two summers ago, extracting raw market data for a given broad index, such as the NASDAQ composite or S&P 500, and analyzing actual intraday volatility. Intraday volatility is simply the difference between the high of any given day and the low of that same day. This number is then divided by the previous day’s close to arrive at a percentage intraday volatility. Intraday volatility can add significant insight to volatility analysis because it is not shackled into only analyzing a narrow index of giant mega-cap US stocks.>> Isn't volatility supposed to mark a titan battle between sellers bailing out, bargain hunters stepping up to the plate, and shorts covering?? Typically, during extreme-high volatility periods of the past, it would be characterized by radical intraday fluctuation. Down, up, down and up again!! We are not getting that yet. All we are getting is down. This was bothering me last week, and is bothering me again today. No panic selling, just selling. Not saying we will not get what we are looking for in the next few days, but it seems likely that a mega-tech blowoff is out there. A CSCO miss may be a trigger buying opp. Warp