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Hello
you may get the white knuckle day on Monday,
I was at Charles swab office Fri
people standing on line to pay for margin calls
and all said that they will not pay up any more!
happy buying on Monday
Ben
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, March 17, 2001 4:45 PM
Subject: Re: [RT] Sentiment
> I too have been waiting for that white knuckle day but am beginning to
> wonder if it's possible to get it considering the complacency out there by
> new investors. What I am saying is if it takes NAS 800 to bring this
> about, we won't see it .. there will be so many stocks that are screaming
> buys/giveaways way before then that people will jump all over
> them. (Including the big boys). There are a number in that category now
> but of course, still a number of over priced issues as well. As we have
> all been saying, time will tell. Thanks for your great contributions Ira.
>
> Bob
>
>
> At 08:17 AM 3/17/2001 -0800, you wrote:
> >The question is, "Will we get a truly white knuckle day or days to the
upside
> >first?". A bear market rally that will rip the bears and shorts, give
the
> >bulls their last hope of redemption, and then just fall and keep falling
> >until you get that white knuckle day on the down side. This scenario has
> >happened before. I believe that it has a good chance of happening again.
> >Just watch for the signs, and be nimble. Ira.
> >
> >candlestyk@xxxxxxx wrote:
> >
> > > > VIX rose over 36 on Tuesday and the market has barely budged ...
> > > wonder
> > > > what it's going to take this time ... 45, 60, 75? Something is very
> > > > different this time and sentiment indicators which have worked for
> > > years in
> > > > bull markets are not working in bear markets.
> > >
> > > In the 1998 correction VIX had 20+ readings >40, 7 readings >50,
> > > high of 60.63. Just last April, a >40 reading. In the 1987 crash I
> > > have read that there were readings >100.
> > >
> > > It seems we still need a true white knuckle day.
> > >
> > > Ray F
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> >
> >
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> >
> >
> >
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>
>
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