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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.06-0.3%4:00 PM EST
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To: Saulamanca who wrote (59097)9/19/2000 11:06:41 PM
From: Zeev Hed  Read Replies (2) of 99985
 
Jim, I agree that it will be a big negative if 10750 is broken, but I also think that it would be a big positive if it holds. It keeps us "out of diamonds" (g). I think that for this cycle, the extreme negative tick on the Naz coupled with improving trin today could signal the bottom. The Vix? I wish I knew what it meant here, I just try to remind myself that last November, the Vix was just as anemic before a major explosion up early this year.

Zeev
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