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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (27848)9/29/1999 10:26:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
yes, it's not pulling back much...but yesterday's high in the VIX actually produced a bullish divergence by being lower than friday's high while the market produced a lower low at the same time. in the recent past this has produced tradable rallies. however, a few other bullish divergences i noticed lately (a/d, a/d vol. etc.) did NOT resolve bullishly. this may mean the game has changed for now. we'll see...cycles suggest we should rally into mid-october. if we don't something is very wrong.

regards,

hb