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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (58933)	4/30/2002 11:40:50 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

will it did NOT break the 70, it has pulled back from the brink.A strong reaction to good news shows the 68.7 quite indicative. I remind the most important aspect of the VIX is if you follow the rule buy at 30 and sell at 20 you can get killed. The relative value is more reliable. If news had come in BAD today SPX and COMPX would broken down to panic levels. The TA leading into today said this, "i am moving VERY dramatically today on the 10am. news, one way or the other", if the the news had been bad we would have had the chinese torture come to an end and a nice solid buy point for at least May through June. We are now back to ZEEV's June Massacre, barring any global big surprise. 1054 remains the key point for overall market direction, the 3rd knock has not occured--yet, anyways--1054 MUST crack for any market capitulation.. Today, near term, was a major victory for Zeev's June massacre. Max