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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (1879)5/31/2000 1:17:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 33421
 
There's no mind to make up...<g> I'm just observing the market action and I see no follow through, we rallied to resistance, there's an old gap up here on the intra-day chart... maybe this afternoon, but I agree that if new buying doesn't come into these markets by this afternoon, we'll probably see a resumption of the selling...

GZ



To: Jack of All Trades who wrote (1879)5/31/2000 3:17:00 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
. The VIX is really bugging me that it is not dropping as fast for a real rally...

You want the VIX to not be droping if one is looking for
a real rally. If the VIX comes down very quickly it means
that the majority believe that the Danger zone has
passed and the bull is back.

It's got to be unnerving for people to what QCOM back in
the drink so soon.

today's action is pretty tepid.


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