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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Lost to Voodoo who wrote (3207)5/22/2000 4:14:00 PM
From: SkyDart  Respond to of 19219
 
I agree somewhat.

Although the CONSENSUS sentiment as graphed historically has only been lower than 20% twice in the past 7 years. And each time it marked a bottom.

This weekend Bullish CONSENSUS dropped to 19%.

And the VIX does not need to retest for the market to go higher. With each successive retest of NAZ 3300, the VIX has been lower suggesting less panic.

But I think we saw the most panic when the daytrader's on margin got hit.

DART