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


To: donald sew who wrote (9520)6/19/2001 6:18:31 PM
From: TechTrader42  Respond to of 52237
 
"In reviewing the charts on the VIX, I forgot to mention that it formed a HIGHER HIGH 3-DAYs ago which is a sign that the downtrend in the VIX may be ending. If the trend in the VIX is starting to reverse, that would be bearish for the market - of course that needs further confirmation."

The weekly VIX is revealing, too. It's giving a sell signal.



To: donald sew who wrote (9520)6/19/2001 6:24:02 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Good catch on the VIX, Don. I believe you on the Matching Low, too; you got another candlestick right two days ago that looked bearish to me (as does this one).

SOX was down 2% today.



To: donald sew who wrote (9520)6/19/2001 6:44:03 PM
From: Paul Shread  Respond to of 52237
 
SPX looks like a bear flag the last three days. <eom>



To: donald sew who wrote (9520)6/19/2001 7:21:35 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 52237
 
Donald; RE your 55 day cycle..is that trading days or does it include weekends ?
I chanced a long position today at the close.
My guess is we gap down AM but then rally,
rate cut coming , and it's not yet fully priced in.
Jim



To: donald sew who wrote (9520)6/19/2001 9:43:30 PM
From: Daveyk  Read Replies (1) | Respond to of 52237
 
The VIX PnF chart is on a buy signal which is inverse to the market.A print of 32 in pifferdom would not be good as that would break thru the bearish resistance line.A print of 29 from here would be two buy signals on the VIX which would make the likelyhood of the 32 area falling much greater if it doesn't print 21 first.

19-Jun-2001 O:25.6400 H:25.7000 L:24.6200 C:24.9200 V:0 Chg:-0.9000
© StockCharts.com
45.00 | | | | 45.00
44.00 | | | | 44.00
43.00 | | | | 43.00
42.00 | | + | | 42.00
41.00 | | X + + | | 41.00
40.00 | | X O X + | | 40.00
39.00 | | X O X O + | | 39.00
38.00 | + | X O X O + | | 38.00
37.00 | X +| X O X O + | | 37.00
36.00 | X O|+ X X O X O + | | 36.00
35.00 | X O| + + X X X O X O 4 O + | | 35.00
34.00 | X X X X O|1 X + X O 3 X O X O X O X O + | | 34.00
33.00 | X O X O X O X O|X O X O X O X O X O X O O X O X + | | 33.00
32.00 | X O X O X O X O|X O X O X O X O X O X O X O X O + | | 32.00
31.00 | X O X X O X X O X O|X O X O X O X O X O + O O X O | | 31.00
30.00 | X O X O X O X O X C X O| O X O X O X O X + O X O X | | 30.00
29.00 | X O X O X O X O X O X | O X O X O X O X + O X O X O | | 29.00
28.00 | X O X O X O X O + O X |+ O O X O O X + O X O X O X | | 28.00
27.00 | X O X O + O + + O X +| O X O + O 5 O X O |High| 27.00
26.00 | B + + + O + | O X + O X X O | | 26.00
25.00 | + + + | O X + O 6 O X O | | 25.00
24.00 | | O X + O X O X | | 24.00<
23.00 | | 2 + O O X |Avg | 23.00
22.00 | | + O | | 22.00
21.00 | | | | 21.00
20.00 | | |Low | 20.00
19.50 | | | | 19.50
19.00 | | | | 19.00
01
--------------------------------------------------------------------------------
+ = bearish resistance line
+ = bullish support line