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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (10786)2/26/2002 11:27:59 AM
From: Steve Lee  Read Replies (1) of 19219
 
Yes I am a critic of the Rydex numbers. If you can show me a correlation between the bullish or bearish inferences and what the market actually does thereafter, then I will have more faith in it.

Meanwhile, the VIX/VXN makes me money every time. If it stops working, I will stop using it. If it moves to a lower range I will adjust the parameters accordingly.

However, right now, the VXN and VIX are not dropping whilst the market drops. This is contrary to your prediction that the VIX and VXN are going to drop their ranges. I believe they will drop their ranges as the bear loses steam. We are not in that phase yet.

The key here is that if something doesn't work, then you need to be flexible and adapt it. If it does work, milk it. Good trading to you also.
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