Stock Attack II - A Complete Analysis Message Board

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

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To: TechTrader42 who wrote (10867)	7/2/2001 6:36:14 PM
From: Justa Werkenstiff	Read Replies (1) of 52237

I posted this on another thread: "Point of clarification. Vix closing print back in August in the 18s was for two days only at the very end of the month and at the very peak. Looks like there were six prints at 19 for the month. So what did you miss in the S & P 500 by missing those low Vix prints of 18 and 19 which were consecutive? I calculate .73%. Big deal. I see a miss 3.8% on the NDX. Wow. No matter how anybody cuts it, the VIX is a big on a big freaking sell signal now. The point is that while it can go lower the risk for the return is ridiculous because at this juncture going forward this thing is going to roll back up and take the broader market down and by being long at this juncture one risks taking that ride." Please don't tell me it is one indicator. I know that. But the correlation is unmistakable. Don't get complacent in reading the VIX! It says "sell." Whether one decides to listen to it is another issue.

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