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

To: Shack who wrote (29928)	1/31/2002 4:27:22 PM
From: Doo	Read Replies (1) \| Respond to of 209892

I rarely note the VIX or VXN intraday, and I've said repeatedly on this thread that they are not worth watching except at extremes. I think they are meaningless number, by themselves, as well. Maybe you are correct that we are too in tune for our own good, but this move is most intriguing. At least it is to me. I've never, EVER, seen nor heard of a VIX or VXN divergence, and in as long as I've watched the VIX, I've never noted one. How would that work? NDX traders are too bullish when the price is not moving? ;) BTW, on price and volume, sentiment and the other things I track, this was a textbook intermediate term top (3-9 months) I think we set from mid-Dec to mid-Jan. So, my bias is short. However, I'm not going to ignore the oddity of this little VXN/VIX ditty, and in particular if we see some heavy volume supporting a move up in the next several days. Too unusual....