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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (11504)2/9/2001 4:16:48 PM
From: TechTrader42  Read Replies (2) of 12039
 
The daily $VIX in eSignal seems to be signaling that the market is going lower. Various MACD plots with the $VIX have been giving sell signals.

But the daily $TRINQ (Nasdaq TRIN) is indicating that things are getting a bit oversold in the Naz. Monty's weekly McClellan charts suggest that any bounce in the Naz might be short-lived, because the longer-term trend is down.

All in all, the bumps were good today. Nothing wrong with the occasional run down ungroomed, icy slopes. Quick turns -- that's the secret.
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