Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 191.13

-0.7%

Jan 30 9:30 AM EST

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To: LTK007 who wrote (43402)	5/22/2001 9:31:48 PM
From: ajtj99	Read Replies (1) of 56537

Max, the low on January 23 was 58.57 on the VXN, and that was a 20% drop in the 20EMA on the VXN. The 40's are not as critical to me as the divergence. It is just too uncanny that it happened twice in a row the same way. Nancy did elaborate what the divergence meant by insinuating that it preceeded two steep drop-offs in the COMPX in September and February. Her response to you did nothing to dispute that earlier post, but it did not give any further insight either. I still look at the original divergence and believe it has significance. Les looks more at the crossing of the 20-EMA over the 50-EMA, but I can't see any kind of good pattern for predicting the market from those events. Nancy's is as close as I've seen to getting any significance from the divergence. We'll see what happens, but I've got to respect where lightning has struck twice. Remember that guy who got struck 8-times? They said it wasn't possible. Oh, well, I guess I'm just getting incoherent now.

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