SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (4167)8/22/2000 6:14:42 AM
From: macavity  Read Replies (1) | Respond to of 19219
 
Matthew, I replied to you as yours was the last post I read before I wrote things down.

To put my bear cap on (again).
I would agree we are possibly at a top (but not due to VIX)

NDX is at resistance formed from the Mar00 and Jul00 highs.
5Day RSI is overbought.
MACD has turned up but is effectively neutral.
Long-term Stochastics are approaching overbought levels as well.

stockcharts.com[W,A]DACLYYMY[PC10!C21!C42!H.02,.20!C200][VC60][IUC20!LE12,26,9!LB5!LH63,10!LL14]

I think we come off on FOMC, but I do not know how far. NDX still looks like one big triangle with support around 3500. Possibly more of this sideways market.

- macavity



To: Matthew L. Jones who wrote (4167)8/23/2000 12:22:37 PM
From: bobby beara  Respond to of 19219
 
Matt, just heard a good explanation of vix from larry mcmillan.

if the vix is low, it means that option traders are not expecting volatility, what that means on a contrary basis is likely to be volatility, but that could be a big move up or down. He used the move off the 1994 low as an example of low vix preceding a big upmove.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News