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Strategies & Market Trends : Paint The Table

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To: jcky who wrote (14431)	2/13/2002 4:14:52 AM
From: Jorj X Mckie	Read Replies (2) of 23786

VIX coming up on lots of support. This is the .5pt chart. If it was a stock, this would be a very bullish formation. Nice rounding bottom. stockcharts.com OEX 5pt chart shows that we had a failed triple top breakout (bull trap) followed by two sell signals. We are now in the same range as the September/October consolidation before the spike up in November. We have a double top at 570, the Bearish Resistance line at 580 and we have violated the BSL. Granted, if we break through that double top and BRL it would be a very bullish thing...if, if we weren't at these really low levels on the VIX. And then with the bullish percentages still at high levels, it seems even more unlikely. stockcharts.com Note that we can crash from mid-levels. The BPSPX was at the current level when it crashed in April 2000. stockcharts.com The BPCOMP was at much lower levels stockcharts.com as was the BPNYA stockcharts.com

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