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To: ViperChick Secret Agent 006.9 who wrote (37628)	3/27/1998 2:31:00 PM
From: The Jedi	Read Replies (2) \| Respond to of 58727

Best is to overlay the VIX chart and DJ30 and you will be able to see what I am describing. when you said it is peaking in the first paragraph..that means we are going down to a short term bottom...or we are at a short term bottom and are going up. For a peak to occur we need both the downleg and up leg. Right now I only see the up leg and when the Vix turns down then we will know that the peak has occured. You will have to look at the VIX chart. how is VIX overbought...means market oversold. Overbought VIX coincides with an oversold market. When there is too much fear, that indicates a short term bottom. Kiri