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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (43305)5/20/2001 12:37:09 AM
From: ajtj99  Read Replies (1) | Respond to of 56535
 
Max, if what Nancy said on Steve's thread is correct, the VXN being 20% from its 20day EMA foreshadows a drop in the Nasdaq by about a week or so.

If her theory is correct, we'll fail a run at 2250 or 2388 and reverse quickly by the end of this week or early the following week. It seems the theory predicts the top by about 7-trading days from what I can see.

Interesting theory. What's your thoughts on it?