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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (16138)11/20/2002 10:32:31 PM
From: nsumir81  Read Replies (1) of 30712
 
ndx/vxn..noticed EACH time we hit upper bb on this we sell off..

market too expensive relative to priced in risk..however this could take some time like 10 days or so

even if we have a slight increase in price from here like say 1460 the combo of price increase and vol decrease could make this ratio even higher..note that in end of nov 2001 it was higher than now although falling

because of 9/11 Fall 2001 had a higher risk built in into the market so absolute ratios can not be compared (and consequently MAs)

Hence I am focusing on the BBs

stockcharts.com[h,a]wacaynay[df][pd20,2!f][iut]&pref=G

also qqq/qqv ratio

stockcharts.com[w,a]wacaynay[d20000501,20021231][pd20,2!c200!b200!f][iut]&pref=G

note the floating hammer candle doji (almost hanging man doji) in space above upper bb
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