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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (44161)4/22/2003 8:07:29 PM
From: Compadre  Read Replies (1) of 52237
 
Paul,

I wouldn't attempt to explain this phenomenon with the VIX. I can tell you however that the charts are not showing any signs of the trend changing or in the process of changing. I gave a warning of a potential trend change last week, but it never materialized. So here we are trying to pick the top, and that's a dangerous task. I'd say don't get too hanged up on it. It's best to be able to recognize it when it comes and not do any predictions.
And BTW, My system reversed course today. Also there are more breakouts showing up in today's charts. To me this is very bullish.

One more thing: If you draw a line joining the bottoms of Aug and Nov of last year to make a trend line you'll see that the trend line is not even close to where we are today. By the same token joint the tops of the SPX and do the same thing, you'll see that the SPX has a way to go also. Not only that, the SPX is forming one huge ascending triangle. BWDIK
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