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

To: Steve Lee who wrote (12851)	6/17/2002 1:49:11 PM
From: da_cheif™	Read Replies (2) \| Respond to of 19219

the vix has been to 8....and will get there again...the vix from 40 down to 19 .found the bears top pickin well before the recent first wave up hi.....

To: Steve Lee who wrote (12851)	6/18/2002 8:25:30 AM
From: macavity	Respond to of 19219

VIX: 0-100 I presume you mean the stochastic (or other oscillator) of VIX. I use a weekly measure. Your VIX call was absolutely correct.Not perfect, but correct. Bear Market: VIX Stoch<20 = Bullish/Complacent There was a whiplash, so what nothing is perfect, if you followed it after that it would have proved correct (sorry-profitable). Unless you get a VIX spike - the absolute level of VIX is pretty meaningless. My (VIX) reading now is that we are bearish. Enough to rally? Yes, but without a "flush-out" VIX spike, or a prolonged o/bought reading, I will wait for the market to prove me right/wrong. Methinks we still head down! $VIX stoch (k/d)= 70.44/60.29 -macavity