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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (10000)1/30/2002 6:53:54 PM
From: Dominick  Read Replies (1) of 19219
 
What signals do you look for in the VIX when deciding a buy or sell on QQQ?

I use Esignal for real time charts. You can use a chart as an overlay, (more than one symbol). It starts out at zero percent and shows the ongoing percent gain or loss for the day.

I also use the normal TA signs, (supports, resistance etc) on the separate QQQ charts, ( 1min, 5min, 60min and daily). When the Q's come down to a support area and the $VIX uptrend has turned and started down, I buy. Vice versa for resistance.

I find it very accurate for scalping.

Dominick
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