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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (8193)	5/30/2001 1:06:08 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

What that chart doesn't show is the middle B band for the VIX. That's where the VIX is today, and there could be a bounce off it (as there has been in the past), so that the VIX heads back down and the uptrend in the Dow resumes tomorrow. (For those who don't follow the VIX, it moves in the opposite direction of the market.) However, if the VIX plowed through that middle band, it could head up to the upper band, and we'd see more down days in the Dow. And so on and so forth. The point is that tomorrow could be telling. A good weather report, huh? It might be sunny tomorrow and it might be rainy, and we'll know tomorrow. It's why I was never accepted at forecasting (or guru) school, because I insisted on preaching uncertainty.