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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who started this subject2/19/2002 8:37:23 PM
From: Steve Lee  Read Replies (2) of 19219
 
Might be worth repeating here that VIX/VXN never lie. If they are hitting medium term lows, the market will decline almost immediately.

Rydex numbers are a small part of the market. Tiny compared to a day's volume. VIX/VXN encompass the options activity of the major issues in their respective groups, much more significant IMO.

VIX/VXN did not rise substantially despite the 2 day 100+ point melt-down. This is a good indicator of more downside to come.
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