Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: J.T. who wrote (6813)	2/27/2001 11:42:10 AM
From: Shack	Read Replies (1) \| Respond to of 19219

Hi JT, once again let me thank you for all your hard work with Rydex. Especially given the erroneous data which has been coming from those folks. I'm sure they know you by name there. I am just getting into Elliot. Frost-Prechter Elliot Wave Principle" seems to be the book of choice among folks who's opinion I respect. I'm like you and have been working off of sentiment and support/resistance, and other technical indicators as well. I combine this with fundamentals and macro economic conditions, particularly money supply and mutual fund inflows. You are slightly more of a short-term trader than me though. We had some interesting breakdowns lately which do not bode well for the markets, specifically the NYA and BKX. We are in bounce mode right now but given low put/call ratios and Rydex ratios, it would appear that their ain't gonna be enough juice to move up much more. The only two major indices which are still in bull mode are the BTK and RLX (and of course the XAU). Cheers Shack I don't know where the bottom is but I do know what one looks like, and I haven't seen it yet.

To: J.T. who wrote (6813)	2/27/2001 7:20:43 PM
From: Kapusta Kid	Read Replies (3) \| Respond to of 19219

More about VIX, Bernie Schaeffer, and "the bottom".... Back on January 10, Laverne E. Olney posted a link to an article by options guru Bernie Schaeffer: Message 15159999 To which I replied: Message 15160272 Well Schaeffer must have read my message<vbg>, because he has changed tune: schaeffersresearch.com Seriously, I think VIX is working just fine. It's just not a "hit-you-between-the-eyes" indicator. I plot VIX two ways: 1)a 5-day MAV of the VIX close and 2)VIX O-H-L-C with standard deviation bands (which show the volatility of a volatility index), on the same graph as the S&P 500. Schaeffer now agrees that THE BOTTOM is still out there.