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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Justa Werkenstiff who wrote (58849)4/30/2002 1:44:41 AM
From: LTK007  Read Replies (1) of 99280
 
Justa we have hit the very edges of breakdown on SPX, simply look at the RSI of the VIX and you will see the set-up--RSI now 68.7, it has broken above 70 ONLY twice in the past 2 years. stockcharts.com[w,a]daclyyay[de][pb20!b10][vc60][iub14!la12,26,9]
my highest readings on VIX/RSI occured 9/21/2001 at 88 and 10/12/2000 at 77. Those Daily close readings, does not include intraday high. On 10/12/2000 it dropped 45 points from it's intraday high of 1374 and close at 1329.(decimals ignored). So as you see we stabilize here OR else:) Max
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