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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Neville H. J. Gorman who wrote (44089)4/15/2003 9:51:43 AM
From: Terry Whitman  Read Replies (2) of 52237
 
I know you didn't ask me- but wanted to point out this observation w.r.t. VIX:

In reviewing the past couple years' chart data, I see that anytime the VIX has declined by 40% or more over a 4 week period, we've seen a good rally- even during the worst periods of the bear market.

From the mid March VIX highs, the VIX has declined 37% as of yesterday.

Conclusion- this rally should not be sold yet. It could run thru mid May, possibly longer. If I were basing it on the VIX alone, I'd wait until the VIX increases enough for its 10 day ma to cross above the 50.

TW

PS: The NH-NL chart is also suggesting to hold all longs.
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