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

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To: SE who wrote (15299)2/11/1999 11:06:00 AM
From: Clay M  Read Replies (1) of 44573
 
If you need another indicator, take a look at a daily VIX chart plotted with 20 setting Bollinger Bands. When VIX hits the lower band, a selloff is due in 1-3 days. VIX hit 26.33 low and a touch of the BB lower band on 2/1 which was the spoo high.
The upper band is now 34.30, and VIX hit 33.11 today, which means if it hits the upper band a rally is due in 1-3 days.

Looks like the bull is getting loose. The buy was obviously 34 on the pause. Maybe we'll get another chance.
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