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

To: Justa Werkenstiff who wrote (59439)	4/30/2002 11:41:56 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

Edit__What a huge difference a day makes. But based on the chart itself, the High Alert is no more. I will later check this way back in time on a weekly scale to get a better evaluation of the big picture. But this was a huge 13 point reversal for the VIX RSI from 68.7 to 55.5. Unless it's works back up fast this means the build up to a major sell-off is now over.(edit-one key element has NOT changed, the 10mda remains ABOVE the 20mda so i can't totally call this off as that remains a real factor. I work the RSI and mdas together to try to get a better picture) Reversal is quite distinct and sharp. But the fact it did not get higher than 68.7 says the capitulation is still very much in the cards, but not now. stockcharts.com[w,a]daclyyay[de][pb20!b10][vc60][iub14!la12,26,9]