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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who wrote (16624)8/24/2001 10:26:28 AM
From: TechTrader42  Read Replies (1) of 52237
 
Note how the Bollinger bands are narrowing with the VXN. We could see a breakout one way or the other soon. My guess, based on the complacency indexes (I've posted real-time values on the CI thread), is that the Naz could break out to the downside before long, particularly since support has broken recently. But it's a guess. (The Naz breaking to the downside would mean the VXN bouncing off a low point -- maybe as soon as today -- and breaking to the upside, btw. The VXN, as you know, generally moves inversely to the market. It's a contrarian and should be banned.)
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