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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (28006)8/21/2000 9:06:58 AM
From: AllansAlias  Read Replies (1) of 42787
 
Equity p/c was .45 "for the week". The "low" for the week was indeed .41 -- a value that bookend-ed the week.

VIX to me is less valuable that equity p/c in the sense that it is not measuring changes in put/call bias but changes in implied volatility. In any case, one new low is not significant imo.

I agree that this is looking like a s-t top, but I also think there is an argument for another pop this week. I am steadfastly neutral this morning. -g

I am watching ALTR and INTC to see if they can continue their push. Also watching softie for a surprise bounce out of its large coiling formation.

If somehow they can push the NDX another 100 there will be lots of short-covering and more momo money.
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