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Strategies & Market Trends : AL is Not a Human Being -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (573)	9/17/2002 12:44:49 AM
From: lifeisgood	Read Replies (2) \| Respond to of 793

The absolute value since a major top or bottom is irrelevant. Aug 5 was a major multi year low for $NDX. You could have said "$VXN was higher on July 26. That is hardly indicative of fear" but you would have missed an important bottom. The VXN was significantly higher on either of the dates you mentioned than today. That was my point. Either of those dates witnessed significantly greater fear relative to your We have a healthy dose of fear call today. best... LIG