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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (70462)	4/5/2003 12:41:43 AM
From: John Madarasz	Read Replies (2) of 209892

probably worth one's while to do a study of the VIX vs SPX this weekend relative to the vix200dma on the daily, on a 3 year or so...you may find some interesting divergences. The reasons for the divergences are ancillary, but not quite as important as the actual chart i think. I'm in the very limited downside camp regarding this index fwiw. The following is not my chart...or 9 bar concept, and the only annotation of mine on the chart is the date, but I think it's a pretty vanilla illustration of a potential short term setup. boomspeed.com again, I think there is still risk to spx 925 or so over the next few weeks into the end of month...that would be the hard sell imo, and it could be what pushes the vix down to the 27-28 level I'd like to see for the scream dream...along with some other indicators too. Breadth will be a real tell on any future advance from here i also think if we don't get an intrameeting rate cut from the FED, we could top out as late as the next FOMC meeting...war news notwithstanding of course<ng> stuff like Titan Assets are getting into that rolling top area too. Have a Great Weekend bro...

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