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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12026)	1/29/2002 5:13:53 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 23786

Has The Trading Range Finally Been Broken? Just like economic recessions, you really don't know when you're in a trading range until it actually becomes well defined. What's more, by the time the trading range (or recession) does become well defined it's almost over. In Tuesday's action, the OEX's trading range seems to finally have been broken with its significant break below 570. On this move lower, the CBOE Market Volatility Index (VIX – 25.84) spiked 18 percent higher from yesterday's close. This is a significant move for the VIX which has only occurred 27 times since 1991. In addition, this upward bounce comes a day after a close below 22 (which has not happened in months). Historically, such spikes have been associated with a subsequent rally of about one percent in the index during the next five to 10 sessions. ----------------------------------------------------------------------------------------- my comment - DOH!!! What's 1%? -ggg- look at the pretty picture - schaeffersresearch.com