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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who wrote (1296)	5/19/2002 11:21:25 AM
From: Susan G	of 1487

I''m sure it can move higher, one premarket futures ramp job ought to take care of that resistance <g> And that VXN is only midrange. If you look at the total points the nas gained last week, which Tom Costello was so thrilled about, about 80% of those gains were futures led moves that happened between night time buying overseas and premarket buying and covering before 9 am. Not the healthiest way to build a base that it can move up from LOL! But back to the VXN, A few months ago I was discussing the VIX and VXN with Don in one of his chats. I was watching the VXN for the nasdaq, and had done some comparison charts of highs/lows of the VXN compared with the NDX, He pointed out that the VIX works much better with the NDX. And he was correct, for the past few months although I've kept my eye on the VXN as it's intraday reversals are a great indicator of moves, the VIX and NDX work together so much better. Here's some comparison charts I did last night after noticing the VIX was about to pierce the bottom of its BB. mywebpages.comcast.net mywebpages.comcast.net Align these by the dates and the tops bottoms line up pretty nicely. Compare the same NDX chart to the VXN and they don't line up or indicate turns nearly as well.

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