MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (10330)	2/13/2002 12:21:08 PM
From: High-Tech East	Read Replies (1) of 19219

<<Ken, why are you buying? Have you seen the VIX?>> Steve ... do you mean why did I buy in the middle of the night at 1108.60 (covered at 1118.00) or why did I buy back at 1116.50? ... ... VIX is at 22.65 right now - dangerous location, I know ... and I am still very bearish long term ... ... but I am experimenting trading the S&Ps daily (even many times daily) mixing J.T.'s analysis and forecasting with my own experiences ... so far so good ... ... I am also a long term follower of Larry Williams (and the set-up is still to be short in the medium to long term) ... so I am being careful ... ... my guess is that by 3:00 PM, when volatility often increases, we might go straight back up ... might ... ... I also use relatively tight stops ... Ken Wilson

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