Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 44.21

+1.2%

Dec 24 4:00 PM EST

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To: da_cheif™ who started this subject	4/15/2003 11:17:01 PM
From: Runomo™	Read Replies (1) of 207447

A lot of talk about the extremely oversold levels of the VIX and the VXN by da bears who have da courage of der conviction... But did anyone notice how VXN made a new price low for the entire duration of the bear market at 35.98 today...and how in doing so decisively violated a very important rising trendline which was previously tested and managed to hold the VXN price three times in 1995 + 1998 + 2002.... and now 2003 a breakout to the downside... IMO, the VXN has entered a new trading range and the 40 level is gonna prove to be an important cap for some time to come... Mo

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