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Strategies & Market Trends : MP - Market Pulse

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To: yard_man who wrote (14)	6/21/2001 11:28:40 PM
From: Les H	Read Replies (2) of 1328

The underlying indexes are short-term overbought. The 21-day stochastic had reached 0 at the market peak when the sharp pullback started. That the VIX is back in the lower band of the 28-day EMA trading bands is bullish for the OEX. That the VIX is in a pattern of higher highs, which is also seen from a pattern of rising 14-day Wilder RSIs, is not. geocities.com The VXN/NDX relationship appears more sloppy than the VIX/OEX relationship in the above overlays.

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