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

To: J.T. who wrote (4508)	9/7/2000 1:01:41 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

VIX intraday high today was VIX 22.96 right into VIX 23-24 resistance target from august 22nd post(note QCOM as well): ******************************************** ...< To: marginmike who wrote (4178) From: J.T. Aug 22, 2000 2:55 PM Respond to Post # 4179 of 4508 mike, I think this VIX can get back up to a menial 23-24 area on this next brief pullback and then potential go down to or below VIX 16 in the next leg up. I believe VIX got down to VIX 11 level in the last half of '95 in a very similar interest rate environment to the one we are in now.. Nevertheless, we need to keep our guard up in this next pullback that it doesn't take on another life of its own. I think this next pullback will be as good as any to build long position in QCOM. QCOM 5 day RSI is way below extreme oversold 14.60. Get ready to pull the trigger. Best Regards, J.T.>... ****************************************** Nearterm bottom in place? Best Regards, J.T.