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plexus

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plexus

Re: leon post# 46122

Saturday, 11/16/2002 8:54:06 AM

Saturday, November 16, 2002 8:54:06 AM

Post# of 704019
Leon wise move imo...the powers that be are not shorting this market...bad news is being bought along with good. Its as if the hedge funds winked at one another and are only buying the dips and not shorting here. Personally as Ive been saying for many weeks I wont short until I see objective topping. The VIX took out an uptrend line and looks like its in jeopardy of a major move down here soon. One more leg up to say the 200 day would totally unwind things and set us up for some nice short side entries. But again wait for objective topping in the indices imo. P/C is unwinding some here down to .57 now. The test of 1425 should be quite telling next week.

Best to you!

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