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Ace Hanlon

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Ace Hanlon

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Re: augieboo post# 41127

Friday, 11/01/2002 11:19:49 PM

Friday, November 01, 2002 11:19:49 PM

Post# of 704041
But market still looks like it can move higher the next few days before they pull the plug. VIX is still near 34 -- the August rally did not reverse until it got down to 30.

My guess is we sell off briefly after FOMC (many think that will be the top) but rally with a vengeance Thursday and perhaps Friday to suck in all the remaining dumb money before the bottom falls out.



“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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