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Strategies & Market Trends : Don't Drink the Kool-Aid Kids -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (179)	3/23/2001 9:53:41 AM
From: John Pitera	Read Replies (1) \| Respond to of 1063

you're working over BRCM once again, is my guess -g- the VIX high was 41.99 yesterday, you have to go back to last springs decline to see a level that high. The Tick went lower than --1400 twice yesterday, it's been a number of months since we've seen that level. Ideally we'll see -1600 to -1800 on the tick or even -2000 or more on a capitulation low. The Tick hit -1400 twice yesterday, It was a classic set up as the 2:40 PM lower low in the SPX had a slightly higher tick than the morning low of -1400 on the tick and the trin made a lower high at the 2:40 PM market low, as compared to the 11:30 AM low in the spx and djia. A very nice divergence was established. The VIX also clicked up to a higher high at the afternoon low, compared to the morning low. John