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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 (20014)	9/26/2001 8:17:32 AM
From: faro	Respond to of 52237

Bonjour Don, I'd also like to add my 2 cents... When some indicators are foggy -- I tend to turn other indicators like the VIX which you've forgotten to mention. Since Sept 21st, the VIX has set lower lows and lower highs -- this give me a hint that this rallye hasn't end yet! Another hint is that the VIX has never stayed above 40 for more than a few days -- except in 98 -- The VIX down trend is still intact -- Yet I know very well that this is very short term indicator. Faro

To: donald sew who wrote (20014)	9/26/2001 8:39:33 AM
From: Justa Werkenstiff	Respond to of 52237

Don: Re: "As you stated previously, the SOX did not lead at the APRIL bottom. It may be possible that with EXTREME SELLOFFs, the SOX may not have to lead." Good point. I suppose so long as there is leadership somewhere in the Nasdaq. I looked at the August-October interlude rally of 1998 and the Sox did not lead that rally either. And that was after an extreme sell off as well. Here is the COMP: stockcharts.com[w,a]declynmy[d19980801,19981030][pb50!b200][iUb14!La12,26,9!La12,26,9] Here is the SOX: stockcharts.com[w,a]declynmy[d19980801,19981030][pb50!b200][iUb14!La12,26,9!La12,26,9] Note the first three or four days after the late August lows in the SOX and you will see a retest of sorts marked by a doji at the end of that retest. Note how the COMP did not have a retest like the SOX. Interestingly, after the final low in October of 1998, neither the COMP or the SOX had any retests in the following days.