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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (63415)1/10/2003 9:05:02 PM
From: bcrafty  Read Replies (1) of 209892
 
jj, I'd go back further

stockcharts.com[h,a]daclnnay[df][pb50!b200!f][iUb14]&pref=G

Something in the 36-40 range would provide a more durable bottom historically on a numerical basis, so I agree with the opinion of JackOfAllTrades. And that number would be between 18-21 on the VIX.

There are basically two schools of thought on the VIX and VXN; one says you can't accurately chart the VIX and VXN like stocks and indices and expect the patterns/waves/indicators to work the same way, and the other school says you can. I lean more toward the former and look only at the numerical value at extremes. Even in that case, I have to say that we're close to getting there but not quite yet. I'm giving it at least another week.
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