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Lots
of talk about a crash, which may be healthy (the talk that is), but if we step
back are we worse off then in sept. are there more or less known or unknowns now
or then. Is the a/d line up or down? has the soxx even hit the 62% rt of the
sept lows? I think in the world today we must always be ready for an event crash
but without an event I think we wash and rinse over the couple of days and take
off. But like Dennis Miller says that's just my opinion I could be
wrong
<FONT face=Tahoma
size=2>-----Original Message-----From: hbernst963@xxxxxxx
[mailto:hbernst963@xxxxxxx]Sent: Monday, May 06, 2002 9:34
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] MKT -
INDUWhat has struck me about this market is that when
we made the top a couple of months ago the VIX dipped below 20 setting up a
warning that we could be nearing a top. Even after the decline we have seen,
the VIX has only climbed to 23.2 on Friday. Today it moved up to 24.9 but at
this rate it will take a crash or crashette to get it over 30-34 and put some
real fear in the market. This goes along with your
scenario.Howard BernsteinTo
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