Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Killswitch who wrote (10845)	2/28/2002 10:02:50 AM
From: Killswitch	Read Replies (1) \| Respond to of 19219

In the latest Helene Meisler article, she shows the Dow Jones Transportation Ave has now made a new high, and also broken above its long term bear market trendline. Will transports lead again as in the past? UPS upped their estimates just the other day.

To: Killswitch who wrote (10845)	2/28/2002 11:54:27 AM
From: J. P.	Respond to of 19219

RE: VIX It would make sense to me that the VXN and VIX stay in a tight range, particularly in an uptrend, because they are oscillators. Uptrends tend to be more gradual with occasional sharp selloffs which would mean an downtrending VIX to an overbought condition, then a sharp rise in the VIX to it's resistance, then another gradual downturn in the VIX. BTW: I'd say this market action should be what the bulls would want. A nice period of sideways consolidation would be far more constructave than a sharp rallies which are negated by selling which only serves to burn out bullish firepower with negative price action. A long period of sideways consolidation would work off the overhead resistance and set a truer foundation for upward advances in prices (and allow earnings to grow underneath the actions to warrant the price increases in equity value). BWDIK? Everyone wants big rallies or big drops!