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Strategies & Market Trends : Ask DrBob
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To: longdong_63 who wrote (41830)8/2/2001 5:00:37 PM
From: Louis V. Lambrecht  Read Replies (2) of 100058
 
ld - other readings on the VIX, VXN if you check the Bollinger bands: they rebounded on the lower band, back up.
Had a quick ceck on the indexes, only the Naz has a weak buy signal on the ADX, Dow, Russel, SP have weakening buying pressure, selling pressure on low ADX.
COMPX managed Summer bubble bull trap I fear. I even have trendlines projecting 2300, but as resistance. (Apr low - Jun low extended).

OTOH 18 days to FOMC announcement and counting.
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