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To: AllansAlias who wrote (50540)	8/17/2002 10:48:06 AM
From: marginmike	Respond to of 209892

I was joking sheesh. I didnt imply you got hurt, just that in general you tend to errr on the bearish side, and this is not the first time me and you disagreed about a ST bottoms. Despite the fact that ive been pretty good calling these ST bottoms, latly I have not made money on them so its pretty useless. It is very dificult to assume 52-57VIX will not cause a ST botom. Ive had this argument 3 times in two years, baisicly that the vix at extreme is the best indicator of ST bottoms and tops. I had them with bulls at Vix 18 and with bears at vix40+. The vix will grind down to 20 now and markets will rally in unison. The question is how fast and how much.