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Post# of 704041
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Justa Werkenstiff

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Justa Werkenstiff

Re: Zeev Hed post# 92968

Tuesday, 04/01/2003 6:02:47 PM

Tuesday, April 01, 2003 6:02:47 PM

Post# of 704041
Vxn complacency does not support a slow grind decline after or if this bounce is complete. Looks like a straighter shot down after the bounce in my mind.

A declining VXN along with a declining market since the latest rally peak mid March is troubling for the grind down scenario. It is a toxic mix with pukage potential. Vxn is now near all time lows and is testing the January rally lows. QQV is the same.
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