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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (18622)6/22/2001 3:02:07 PM
From: Justa Werkenstiff  Respond to of 30051
 
We are now in our 5th day of straight VIX declines. This plays well into your scenario next week. It could go lower and extend into next week. This string of VIX declines has signaled pullbacks in the Naz ranging from 3 - 10% in short order. I am going to cash.

Edit: Good decision as this thing has gone to flush mode.



To: Zeev Hed who wrote (18622)6/22/2001 3:30:03 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 30051
 
Actually I am hoping for a nice NAZ hit. Have a GTC order for QQQ at 39.

BTW, I am not just troubled by the high trin/ high tic combo. The combination of a high trin and very low VIX and VXN bothers me as well.


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