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Strategies & Market Trends : P&S and STO Death Blow's
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To: ajtj99 who wrote (17665)11/29/2002 6:56:53 PM
From: exp  Read Replies (2) of 30712
 
AJTJ: True, it hasn't happened before but there is a reason. This time, a double top on VIX at above 50 from July and Sept-Oct elevated lower BB to near 30. So, I prefer to look at absolute VIX values in this case rather than at the "artificially" elevated lower BBs. This residual bearish attitude is confirmed by the still high equity P/C ratio 21 dma.
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