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Strategies & Market Trends : Ask DrBob

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To: TimeToMakeTheInvs who wrote (45901)	10/14/2001 9:44:18 AM
From: Louis V. Lambrecht	of 100058

tim - candlestick on the VIX. At first sight, this is an abandonned baby or morning star. In order to be bullish,this formation should appear at the end of a downtrend. Which it is not. We had a one week rebound (Oct 3-10). So this lessens the reliablity. I prefer to analyze volatility on the volatility stockcharts.com[S,A]DACLYYMY[DA][PD20,2!A30!A20][VC60][ILD20!LO20] . ( lvlamb.itgo.com VIX touched the 20 DMA of the Bollinger band and closed lower. (VXN also did, btw stockcharts.com[s,a]daclyymy[da][pd20,2!a70!a40][vc60][ild17!lo17] ). CCI and StochRSI left the buy zone (inverse to market = sell ) and are in my "abstain" zone. Summary, my $0.02 is: wait for the VIX to price significantly above or below the 20 dma to have a trend indication. This confirms, for what I am concerned, the lesser reliability of the candles. BWTHDIK

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