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

To: marginmike who wrote (49898)	5/9/2000 1:43:00 AM
From: marginmike	Respond to of 99985

I think vix 35 higher is bullish

To: marginmike who wrote (49898)	5/9/2000 2:24:00 AM
From: el paradisio	Respond to of 99985

Marginmike,Maybe this year we can experience some "modifications",but be careful,RUT is not bullish in my view,a neckline is just below 540 and sure the Top. Besides,on a daily chart,you have a bearish formation of engulfing pattern.What is more interesting,a pennant on the daily chart,if resolved to the downside,very bearish. As concern VIX,at 35 is maybe not bullish,but suggesting that market is very oversold.In such scenario,VIX can go lower,even below 30 and come back to higher level again. el