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To: bcrafty who wrote (22314)11/26/2001 12:58:07 AM
From: Les H  Respond to of 209892
 
did you notice the OEX made the highest high on the exact date of the moving average cross of the VXN, May 22nd? 21-day, 50-day, and 200-day simple moving average triple cross. the OEX made two more lower peaks with successive lower VIX troughs. VIX can move down with either the OEX moving higher in concert with its 21-day trend or the OEX pulling back and retesting the high or the 21-day trend.