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

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To: Nazbuster who wrote (26584)12/27/2001 8:45:18 PM
From: TechTrader42  Read Replies (1) of 52237
 
MacRandy: Subject 51633

They're nothin' special. Like rocklobster said, they work like the VIX and VXN, basically, except in reverse. They reflect demand for puts & calls. They've been somewhat reliable as contrary indicators at extremes. There's always the danger, though, that breakouts can occur at extremes, instead of reversals. I have no idea what'll happen this time.

A friend just sent a set of E-Wave charts, and the daily and weekly charts would seem to indicate the exact opposite. Both say Wave 4's, but in opposite directions, hilariously enough.
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