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Ace Hanlon

10/18/02 4:58 PM

#36641 RE: Zeev Hed #36638

Zeev:

VIX still is about 40 despite the big rally. I could be wrong, but I don't think any of the major bear rallies these last few years has peaked until VIX fell considerably below current readings. The market still has a lot of upside based on this indicator.