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

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To: StockOperator who wrote (1546)3/1/2001 6:34:47 AM
From: Michael Watkins  Read Replies (1) of 52237
 
ottographs.com

If VIX / RSI(5) of VIX is useful, once again, I would expect that resolution of your scenario is at hand. Resistance on SPX is clear on this chart; the swing low (I hesitate at calling it 'support'!) is in sight for a test today.

NYA is also within a days travel distance to testing a significant swing low that defines a 5 month range.

ADX on this last lengthy swing down on SPX, NDX, NYA is rising in a manner consistent with a strong trend.

All the ducks are lined up for a quick move down today or shortly thereafter.
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