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

To: Steve Lee who wrote (10779)	2/26/2002 11:07:53 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

You have been the most vocal critique of Rydex sentiment analysis and its usefulness as a market tool since you have graced us with your presence on MITA thread. And you are most certainly entitled to your opinion. I have said all along Rydex is more an art than a science in sentiment analysis. And it has proved quite valuable in anticipating bottoms. In the same vein, I believe VIX and VXN it would appear for you is more a science than an art and will most certainly get tossed in the dust bin of predictive value all the same when VIX will blow out 20 and VXN will blow out 45 to the downside once and for all which I expect will materialize much sooner than you fail to anticipate. VIX below 20 and VXN below 45 will get taken out decisively before the end of 2002 just as the night follows the day. Moreover, I would not be surprised for these levels (VIX < 20 and VXN < 45) to get tossed before the summer solstice on June 20, 21). That is what makes a market. We agree to disagree not only on how to make money and where the market is going, but what tools are useful to one individual are useless to another. Good trading. Best Regards, J.T.