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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?


To: wmwmw who wrote (386)10/11/2000 9:13:34 AM
From: robert b furman  Read Replies (1) | Respond to of 4583
 
In my laymans term it measures complacency as a low number and fear as a high number.

In the lows of 2 years ago(sept 97 showed a 40 with a secondwave that came in around Oct 6-8 that climaxed around 60.

This spike occurred as all the big cap MOMO's that were safe finally brokedown./ In fact most dipped below 50 or 200 day moving averages for a short 2-3 day dip.

The market recovered and didn't look back.

Bob