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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (119337)	5/23/2005 6:57:11 PM
From: Shack	Read Replies (1) of 209892

I am not one to follow VIX for near-term trading. As for VIX being low, hell its been low for so long I am barely looking at it anymore. Every time it spikes, there is no follow through and it does appear to want to go new lows yet again. Quite interesting action today, the market rose despite the NYSE TICK heading south. The bid under this market is strong and while a pullback looks needed I wouldn't dick around with shorts unless I had my stops very tight. The COMP has had a 170 point rally with barely a move in bullishness.

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