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At 01:08 PM 3/15/2008, you wrote:
It
was quite a surprise to see that 2:30 pm rally happen on Friday....
or perhaps that was just some short covering (again !).
I think it was more about the low volume Friday. With all that
happened, and with the large drop, one would have expected high volume
but it wasn't there. The bad news isn't ended but it's expected and
to a large extent, factored in already. Still, I don't have the
courage to call a bottom but the vix looks as if a reverse in trend may
not be far off.
Bob
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