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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: TimeToMakeTheInvs who wrote (45901)	10/12/2001 7:41:07 PM
From: heehee1	Respond to of 100058

TTMT.. looks like a morning star to me ... and yes that is a reversal pattern. If so, the market have topped ST. But AH news of House of approval of 100 bil stimulus market may effect the market come Monday, if there are no significant attacks over the weekend. Then again, the big boys knew the stimulus package was coming so it could be sell on the news scenario. Just to be more certain, Louis or other candlestick experts should confirm the morning star pattern.. I'm a wedgie kinda gal. :) litwick.com

To: TimeToMakeTheInvs who wrote (45901)	10/14/2001 9:44:18 AM
From: Louis V. Lambrecht	Respond to of 100058

tim - candlestick on the VIX. At first sight, this is an abandonned baby or morning star. In order to be bullish,this formation should appear at the end of a downtrend. Which it is not. We had a one week rebound (Oct 3-10). So this lessens the reliablity. I prefer to analyze volatility on the volatility stockcharts.com[S,A]DACLYYMY[DA][PD20,2!A30!A20][VC60][ILD20!LO20] . ( lvlamb.itgo.com VIX touched the 20 DMA of the Bollinger band and closed lower. (VXN also did, btw stockcharts.com[s,a]daclyymy[da][pd20,2!a70!a40][vc60][ild17!lo17] ). CCI and StochRSI left the buy zone (inverse to market = sell ) and are in my "abstain" zone. Summary, my $0.02 is: wait for the VIX to price significantly above or below the 20 dma to have a trend indication. This confirms, for what I am concerned, the lesser reliability of the candles. BWTHDIK