Ask DrBob Message Board - Msg: 14341082

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: theniteowl who wrote (3529)	9/7/2000 8:44:40 AM
From: Louis V. Lambrecht	Read Replies (1) of 100058

NiteOwl - my take on the VIX? Still trying to have a hold on it: stockcharts.com[W,A]DACLYYMY[DE][PD20,2][VC60][ILD20!LO20] CCI above 100 with StochRSI >80 indicate so far that a move is imminent. The rise on the VIX has been accompanied with a strong move on the market, downwards. But the VIX has moved n gaps, and gaps have to be filled. ggg So I expect it to resume its downward trend after testing 24-25 (200DA). That test would then be the confirmation of the short term bottom. Leads me to confirm that the market is shaking the weak longs (Institutions are complaining again of the valuation of some high fliers) and luring the shorts. As a result, although all my positions are below my stops, I didn't sold them. (Would have sold individual stocks below the limit if the other holdings would be in a sustained uptrend). Status of my port will tell me if I am right. 8>{ Still favoring a post Labor Day setup, prices must go down in order to have institutions start buying. And if the market resists, institutions will have to buy anyway. I am still bullish short-middle term.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next