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Strategies & Market Trends : MDA - Market Direction Analysis

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To: coug who wrote (42207)	3/5/2000 4:35:00 AM
From: Michael Watkins	Read Replies (2) of 99985

coug The VIX is especially good now IMO. When it drops fast like it did now and last October, it is like "downward momentum" and it will stay down awhile.. Maybe..gg. I think you will find that statistically a sharp VIX drop is more often found at a market swing high than a market continuation point. But the key thing with VIX is what next. Sharp moves up after a gap down are almost always indications of a swing top. But if it continues to drift down, the market shall drift up.

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