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


To: James Strauss who wrote (42136)3/5/2000 7:04:00 PM
From: Michael Watkins  Respond to of 99985
 
James

The New Highs vs New Lows on Nasdaq have been strong...

I don't dispute that at all... if you follow the thread of conversation back you had made a comment about up volume vs down volume, and the day you made it was pretty much a wash in that category (despite new high/low numbers).

intelligentspeculator.com

VIX has gapped down and moved strongly down. Continued moved down in VIX (if it happens) and the new high picture could well mean dramatic new highs in the COMPX. Bears watching closely; typically there have been reversals with VIX/hew highs being what they are.

Could this be different this time? Sure. I'm still open to thinking the Nas could pull off another run like last fall, but will just have to take it day by day.