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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KymarFye who wrote (59491)9/27/2000 3:42:54 PM
From: Les H  Read Replies (3) | Respond to of 99985
 
Thanks. You can use the SharpCharts URL someone posted to draft the 10-day EMA or the 14 week Stochastics. Looks like it corroborates what you say. The spike or single data point may precede the extreme in those two indicators and the market hitting bottom.

stockcharts.com[W,A]DALANYMY[DF][PA.50][VC60][I]



To: KymarFye who wrote (59491)9/27/2000 3:51:35 PM
From: Crimson Ghost  Respond to of 99985
 
VIX actually down today to a bit under 25. The recent high was 27. By comparison VIX hit 40 at last spring's trough. Not much fear by this measure.

The very fact that so many people are vying to get in just before the next big rally speaks volumes about the state of investor psychology today. Still a hell of a lot more greed than fear.

At major bottoms people just want to sell at any price and many foreswear ever investing in stocks again.