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Politics : High Tolerance Plasticity

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To: chowder who wrote (14997)	7/12/2002 11:04:31 AM
From: Warpfactor	Read Replies (1) of 23153

"Right time to sell" - good point. I hit up Zeev on what he looks at a few weeks ago. See if I can dig that up. Regarding the "TRIN" rules and the right time to buy - Under bull market conditions a double TRIN > 2.0 would be grounds to launch a power intermediate up-move. Under the bear marker we've seen lately, this rule has of late predicted minor moves lasting about a day and a half - up the first day then crapping out the middle of the second day. This time around, paired with the VIX 40, we're expecting a little more rally. The VIX however is not an immediate reversal indicator, may require a little more churning around. I don't do roadmaps as well as Zeev - I believe that he feels another trip to 1300 is a good probability before a weak summer rally kicks in - taking the NAZ over 1500. After which markets make the "final descent". Maybe Gottfried can clarify, he is usually on top of the turnips. I'm feeling inclined to take some profits toward the EOD. My trading port getting close to YTD high of last Friday, even though NAZ is 50 points lower than last weeks close. Warp

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