Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Justa Werkenstiff who wrote (56883)	4/26/2002 1:21:32 PM
From: LTK007	Read Replies (1) of 99280

well Justa just turned on the 'tube' and see i will be working all this weekend to pick a basket of stocks as this was the key day to measure whether a near term safe bottom is nigh. The ^VIX RSI is crucial with me, if it breaks 65 on the daily it is quick decision time as to whether it is a neartermbottom or is it going capitulate and blow to above 70 and thus be a Major Major Buy signal. VXN chart at EOD will be very interesting to see what's it's daily RSI is as it was only 48(10points below VIX) as of yesterday. i am just catching up on days action, yesterday i said if Market does NOT rally strong on a big GDP number this will have a major signifigance and we can kiss a May rally up into June massacre good bye. But now we have a possibility of a cathartic sell-off next week. I need be ready for that,me thinks.Max p.s. by the way HAL proved the crucial value of "DISCIPLINE", by selling at its sell signal HAL prevented having a more severe loses.

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