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To: Trading Machine who wrote (34981)3/23/2002 5:38:55 PM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
I think something else has to be said here. If you consider the Fed pump running flat out, I mean B I G time, the VIX way down here, why aren't we at OEX 800? NDX 2500? Even NDX 2000?

It's called a bearish divergence. Anytime you get a higher high in bullishness without a higher high in the underlying instrument (i.e., index), it's a clear bearish divergence. That has always been a successful trade.

Aside from the possible exception of the Dow, we have indices going down or sideways while bullishness rises.



To: Trading Machine who wrote (34981)3/23/2002 8:25:12 PM
From: Shack  Respond to of 209892
 
Seems as if folks are waiting on the big 5 wave down

I am indeed waiting for the next shoe to drop TM, I don't think I'd label it a 5 down, it would be more severe than that. But the next leg 'o the bear is close at hand IMO.