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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (5217)	10/2/1998 12:13:00 PM
From: donald sew	Read Replies (2) of 44573

Tom, Many are expecting a bounce today or Monday, including myself per my earlier post. I think you may have hit on something with the VIX. Recently the VIX had a trading range of 33-53 approximately, with the BUY SIGNALS in the 33-36 range and the SELL SIGNALs in the 50-53 range. Right now the DOW is up 75 but the VIX is at 43 which is smack in the middle of that range. In light of this, there is a chance that this rally may not last into Monday We are already 180 points off of today's low which is a substantial move and many may be expecting alot more. They may get dissapointed. If we close near the highs, then this rally may not continue on MON. If we close near the LOWS, then we should have a rally MON. If we close FLAT - its a flip of the coin. ggggggggggg Regardless of any bounce, such should not last long. Seeya

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