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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (18155)	10/26/2001 11:32:09 AM
From: marginmike	Respond to of 209892

I think we pull back a litlle then go for one last push higher into Nov. Turn dates are tough to call, the last two were inverted. However, I am not a day trader but a swing trader so these things are more carefully tuned in to me. The VIX and VXN are key as well, I dont understand why anyone would short when the VIX is at 38, the only upside is a low probability ST crash scenario like what happened on Sept11-15th. In either case if you bought at VIX 38 before the implosion you would now be up. At VIX 32 again, unless you are day trading its a time to be long or sit tight for more extreme sentiment. The VIX is the Most acurate indicator that I know, and have used to become a very consistent swing trader.