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: 4rthofjuly007 who wrote (12166)	5/9/2002 11:54:52 PM
From: J.T.	Respond to of 19219

VIX is simply putting in Lower highs and Lower lows inverse to the market of course and this read sees increased Bearish sentiment at or near THE LOWS put in on 9/21. The Bearish sentiment I have posted ad nauseam and doesn't bear repeating. When we get significant counter-trend rallies, we work down the lower channel. When the market sells off, VIX and VXN register lower highs. Today VIX closed at VIX 24.36. My whole premise continues to be September 21 is THE LOW, and until I am proven wrong, this impending monster rally that reasserts itself is gona take VIX to VIX 17-18.50 range in this next trip before any significant digestion takes place. The pendulam is swinging back now to the Bulls with the slightest of detection. On the Macro-front- Yes, this time is different. Compare to 73-74 Bear Market today we are buffered by a service economy not industrial manufacturing where the business cycle was much more prevalent. Business enterprise and entrepreneurial spirit, new economies and breakthroughs in medicine, internet infrastructure build-out, security, defense, technology it goes on... Information moves at the speed of light and the playing field is as level as it will ever be. Best Regards, J.T.