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

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To: Zeev Hed who wrote (78152)6/12/2002 11:19:57 PM
From: ajtj99  Read Replies (2) of 99280
 
Tomorrow if the VIX and VXN do not drop, we'll know to get out of Dodge. The 60-minute charts of the VXN and VIX shows a drop, but not the dramatic drop we see in a major bottom reversal:

stockcharts.com[h,a]eaclynay[pb10!b20!d20,2!f]&pref=G

stockcharts.com[h,a]eaclynay[pb10!b20!d20,2!f]&pref=G

Actually, if the put/call ratio hits 0.85-0.90 on a close, we'll know it's time to get out of longs. There is rising support on the $CPC:

stockcharts.com[h,a]dallynay[db][pb10!b20!d20,2!f]&pref=G

I'm still under-water on my BTK calls, but I anticipate getting out of them at a substantial profit on the G&C tomorrow. The BTK was especially weak. It was the only index I was watching that nearly did a full re-test of the early day lows. The BTK has been leading all along, so it bears close watching the next couple of days.
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