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Yes, the VIX was part of the background for my comments regarding lack of
fear. I was amazed to see that VIX closed Friday at 22.81 on that bullish
outside reversal. Could be Uncle Al's alchemy is working ... maybe he's
coating M3 with Prozac for the masses. I'm not one to ignore outside
reversals but something doesn't feel right here.
Earl
----- Original Message -----
From: "Bobh" <bheisler@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 12, 2001 4:46 PM
Subject: Re: [RT] Markets
> I find myself in the same camp.
>
> Along that line, we now have little triple bottoms on all three indexes.
> Has anyone noticed where VIX is now in relation to where it was on the
> previous two times down here?
>
> Bobh
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, August 12, 2001 5:37 PM
> Subject: [RT] Markets
>
>
> > Do I spy the great mother ship (and biggest of the big cap stocks)
heading
> > for a hard landing???????? Are there problems lurking in GE Finance?????
> The
> > weekly chart of GE suggests that the answer is yes. No wonder the guys
on
> > CNBC are working overtime to talk up the market, their options must be
> > pretty deep in do do.
> >
> > Overall, my market horizon these days is a few hours. The basic
technical
> > work I do with counts, regression channels, and symmetry is all
surrounded
> > by mysticism. The market does not feel healthy and I suspect that if it
> does
> > manage to break above its range, it will get a sharp burst upward
followed
> > by an unbelievable hammering. More likely I think, is an event or news
> which
> > drives it downward out of this range.
> >
> > Perhaps most striking to me is the utter complacency and lack of fear
> which
> > exists among market participants ... if only one has faith and patience,
> > Uncle Al will have everything fixed up and the good times will roll on
for
> > another decade. I don't think it's gonna happen folks which is why
(aside
> > from trading) I'm very content clipping coupons and thinking there might
> > just be a bonanza in gains if Goldilocks gets a real haircut.
> >
> > Earl
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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