MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Stephen M. DeMoss who wrote (68443)	2/3/2001 12:06:04 PM
From: Zeev Hed	Read Replies (1) of 99985

Stephen, the way I interpret this is that the VIX is touching the lower band of the channel and is expected to bounce from there, when the VIX goes up, the market (particularly the Naz) has a tendency to decline, thus "fasten your seat belt". Market bottoms often coincide with "local Max" in the Vix, it is not the same with local minima in the Vix (namely, making a local minimum in Vix does always show a turn for the worse). Since the Vix seems ready to turn up here (rather than continue down, bouncing from the lower Bollinger), we have a little way to go to the next Vix maximum, where when reached, should be a good point to get back in on the long side, IMHO. Zeev

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