This is precisely my
point, Ira.. We have not bottomed and I cannot see going
long.
This was in response to
someone's e-mail about the market and vix bottoming.
----- Original Message -----
Sent: Tuesday, April 15, 2008 10:32
AM
Subject: Re: [RT] Don't see that we
have bottomed--even for the week.
Here is one other thing to take into
consideration. This is option expiration week. If you
don't like that one for staying out of the market until you get a signal
try this on for size. This is also earnings week for Citigroup, JP
Morgan Chase and JNJ, INTC,KO, IBM,PFE,UTX,and CAT. So have fun
with these Dow stocks reporting as they are a major force on the S&P
also.
----- Original Message -----
Sent: Tuesday, April 15, 2008 4:53
AM
Subject: [RT] Don't see that we
have bottomed--even for the week.
Quarterly
Chart-Attached
Monthly
Chart Attached
Weekly
Chart Attached.