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


To: Matthew L. Jones who wrote (4155)8/19/2000 9:33:05 PM
From: marginmike  Read Replies (1) | Respond to of 19219
 
A low VIX signifies Complacency and can signify a big move EITHER UP OR DOWN. The low VIX ix telling us that the market is about to move substantially. By the looks of the DOW and BKX and SOX I would say the move will be UP. However the market sometimes likes to suck them in before it spits them out.



To: Matthew L. Jones who wrote (4155)8/20/2000 11:33:28 PM
From: sa-mule  Respond to of 19219
 
Matthew,
Some people feel the vix does not carry the weight it use to. I think we are headed a little higher and then down we go. I think the btd (buy the dipppers) will be all over this market so I don't know how hard the move down will be.
I think Alan G. might be hawkish on Tuesday to keep the market's in check. But, then again it's an election year so they might just let this thing go. They say people vote with there wallet/purse. I think I might do some short 1-2 day trades BUT nothing short for very long...I just think people will be all over any dip.

good luck to you,

sam