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

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To: dennis michael patterson who wrote (13854)8/4/2001 5:40:31 PM
From: Square_Dealings  Read Replies (1) of 52237
 
The VIX is falling even on down days in the market. (Investors are less concerned about the downside as the VIX (put premiums) falls.) The VIX is in a bottoming process here which usually indicates that the market is topping out. Looks like the VIX could still go down and fill some gaps or double bottom here, so maybe we have a few more days of sideways to up action on the major indexes before heading down.

stockcharts.com

When Merrill Lynch is able to generate a strong two day rally in the semiconductors with no evidence of a bottom in EARNINGS reductions, its not a bottom imo.

I dont understand the Complacency index that's discussed here, since only B. has the formula.

M.
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