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

To: Benkea who wrote (40826)	2/20/2000 1:04:00 PM
From: HairBall	Respond to of 99985

Benkea: Interesting charts for sure...thanks for posting them. I wish we could get that guy to come on over and post, you know elaborate a little! His work parallels mine a lot, but I do have some differences...<g> Regards, LG

To: Benkea who wrote (40826)	2/20/2000 1:11:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

Benkea: A lot of people follow VIX, and it seems common for most folks to simply assume that when VIX approaches or is at the 30 range, its time to buy. I guess that has largely been true, and fits the "buy the dip" mentality which has worked so well for some time. This chart just shows that VIX can move much higher, very rapidly. intelligentspeculator.com My preferred way of using VIX is to look for sharp reversals; they offer a more reliable clue of a swing high or low IMO. EDIT: Here's the recent chart, showing also back to Oct 98. intelligentspeculator.com Could bounce from here, in fact even likely, but will be watching for a VIX reversal. I have other work I've been doing this weekend that leaves me feeling more and more confident that we are seeing a major top in all indicies. Not to say we can't rally hard from here, but the damage appears done already. I personally don't care if it goes up or down, just that I am on the right side. I'll post some charts later after I spend the day with the family... Cheers Michael ...looking for VIX 50... ;)