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

To: Michael Watkins who wrote (42247)3/5/2000 9:26:00 AM
From: nextrade!  Respond to of 99985
 
Re VIX,

The 30 area has presented excellent long market entry over the past 12 months, while high teens to 20 has offered just the opposite.

Market participants seem to have forgotten 50++ readings, as buying high and selling low in these areas has worked <g>

Best regards,

nextrade!



To: Michael Watkins who wrote (42247)3/5/2000 12:26:00 PM
From: coug  Respond to of 99985
 
Michael,

<<<But if it continues to drift down, the market shall drift up>>>

That's what I am expecting.. My own momentum indicator on the VIX..along with the boost in up vs. down volume suggests that to me. All this, of course, against the fundamental background. .

But I will change, if I see a sea change, as I drift with the sea..

good luck to you.. c


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