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

To: ajtj99 who wrote (43397)	5/22/2001 7:56:10 PM
From: LTK007	Read Replies (2) \| Respond to of 56537

<I'm still really respecting the VXN divergence thing, Max. It is what is scaring me a bit about being long on anything near term after a dip towards 2250.> i posted my 20mda chart to nancy and she responded with <we enter into a high complacency low volatility period, as we did in mid August 2000.> which means VXN could achieve levels as low as 40,it hit a new intraday low today at 51.85 ,or close to that. I am tracking to see which comes first,low 40s or does it turn at 51 area as in July 2000 ,then into the 40s pattern in August.What we can say thus far,low 40s are indicative of a major drop,50-51,a short correction.max