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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (12336)	2/8/2002 5:03:01 PM
From: Warpfactor	Read Replies (3) of 23153

Re: VIX and market reversal indicators Nasdaq MacLellan Oscillator was at -198 before todays action. -100 is considered a buy signal, any penetration of -200 most always brings immediate reversal. Following Sept 11th however, that indicator was taken down to -322. The Daily Equity Put/Call ratio is already flashing an Intermediate term buy alert. ARMS Index now on 16th day following the 1.50 breach. Has never extended beyond 20 days. Although I have reason to believe that "this time may be different", I will still give deference to the track record of the ARMS Index. I think we're getting the reversal next week, but I wouldn't be surprised if today was it. A weekend of Barrons may provide the fuel to get to that point. Getting antsy - those who buy the usual tech suspects now should do well, but I'm holding out for more. Whomever it was who picked up CREE yesterday is probably pleased with himself about now. Do the markets have a day off next week for Presidents day??

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