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Strategies & Market Trends : Ask DrBob
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To: tekie2k who wrote (275)8/19/2000 5:23:48 PM
From: Louis V. Lambrecht  Read Replies (1) of 100058
 
Techie2000 - in the current market "vix? high vix = change in mkt trend. low vix = no change. "

Was working on the nite owl's chart.

Falling wedge: depending on which scale you work and the thickmess of the trendlines.... LOL...this TA really is a matter of interpretation.

Here we go:

I can draw that falling wedge from Apr till now, I have an Apex for this week on Aug 25 at 17.68.

But: (not meaning to be rude here, but I love but's, one "t" only):

We broke that wedge upwards on Jul 26, on narrowed Bollinger Bands. Next high was 24.68 on Jul 28, exactly the date of the one day reversal of the OEX, which printed a low of 771.96.
The ROC (20) also made a positive peak the same day.
Not much for early signals...grin.

The high-low range of Jul 28 can be used as the range of a downtrend channel, parallel to the upper side of the wedge.

And this leads me NOWHERE. Or a visit to the single digits and low 10s, back to normal as 1996 and before.

Still no indication of my pre-FOMC trades.

HEEEEELP
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