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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (28464)	1/26/2002 8:26:12 PM
From: Challo Jeregy	Respond to of 52237

Chris - I've been watching the vix like a hawk lately. The fast move down on Friday was the biggest move I've seen in a long time. My thoughts- stockcharts.com[h,a]daclyyay[pb5!b20][vc60][iUb14!La12,26,9!Lp14,3,3!Lc20!Lf!Lg!Ll14!Lm12] notice the stoch and RSI - there is a lot of room for this thing to go lower. In P&F, if it prints 21, that is a sell signal (a buy signal for the market). However, it will also be a triple-bottom sell signal. If I remember correctly, I think Jerry says triple-bottoms (or triple tops) are almost always likely to pull back first. Maybe he will comment on this. I posted a long term chart to show that 22 doesn't have to be the "bottom" of the vix. Please note - the same situation happened last July, causing a pullback to 28. (A LOT of help, huh? -ggg-) stockcharts.com Larry McMillans's comment on the VIX at the bottom of the page- worldlyinvestor.com Edit - however, Susan G has a better post about it than I. Mine is a bit more optimistic -VBG Message 16966457