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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Johnny Canuck who wrote (36481)	3/19/2002 7:27:26 AM
From: j g cordes	Read Replies (1) of 68115

Harry, the absolute value of VIX probably isn't as important as some caution. As MT points out its trading range has varried through the years. A moving average crossover or using another absolute market indicator as a combined moa cross over, like issues unchanged, might generate better signals. VIX probalby isn't ready to turn until there's a cautious pause in the aggregate confidence.. unchanged issues. However, I like some charts now.. like VTSS, may buy after it seems to have re-tested exceeding its recent lows. And LU might be a low risk play_ buy the stock, sell the August calls.. almost a 30% return (if you believe they won't go much lower). The economists, if one can group them, seem to be very certain of a major upturn. I've been seeing upward revisions on GDP, employment, productivity, sales.. not the same message CEO's are sending.

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