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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (10337)2/13/2002 1:48:28 PM
From: marginmike  Read Replies (1) | Respond to of 19219
 
only thing troubling is the VIX, your rally may happen but it wont last to long with VIX at 22. Not saying we cant have a hellof a push.



To: J.T. who wrote (10337)2/13/2002 2:30:46 PM
From: Steve Lee  Read Replies (2) | Respond to of 19219
 
Equity PC at .57 is a little high for a meltdown but the VIX/VXN are more reliable indicators. Not aware of any correlation between up/down days and visitng this thread.

In fact I remember talking to you last time you predicted a melt up just before some recent downside. That time too, the VIX/VXN were low and were very timely forecasters of the decline.


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