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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (48089)	7/29/2002 11:37:21 PM
From: UnBelievable	Read Replies (1) \| Respond to of 209892

Are You Saying That "Anything Carried To An Extreme Brings About Its Opposite" <gg> & <ng>

To: AllansAlias who wrote (48089)	7/29/2002 11:50:38 PM
From: Shack	Read Replies (3) \| Respond to of 209892

FWIW I believe Zeev uses it as a bullish indicator if the high TICKS occur off of what could be a signficant low. Kinda like the ignition starting in a car. I do not have an opinion myself.

To: AllansAlias who wrote (48089)	7/30/2002 12:04:04 AM
From: mishedlo	Read Replies (2) \| Respond to of 209892

Hey where are the charts with everyone's posts today? ggg/ng. I am sure there is someone out there ready to complain. At the risk of having my head handed to me by some nameless folks, I am offering yet another post without a chart. My thoughts are on the VIX/VXN. I saw a post that said plunge in VIX VXN was bullish. Here is my reply. ============================================================ They are killing option premiums on both puts and calls and here we are right at max pain. Perhaps the moves from here for another week will be small. The current month put holders that did not take profits as well as late call buyers are both probably gonna lose their ass. This is neither bullish nor bearish merely crooked IMO. Max Pain MSFT tossup 47.5 or 50 CSCO 12.5 QQQ 24 INTC 17.5 DELL 25 IBM 70 What a great time to lower option premimums on both sides killing anyone that did not get in at the right time. Somehow I think this rally is DOA already or if it goes further we drop dramatically expiry week. Alternatively delta hedging could send us soaring expiry week but I sort of doubt that scenario. I am nearly ready to proclaim an early victory for the crooks already. Volatility but sideways moves, frustrating everone for a bit while VIX/VXN seems the most likely scenario for a while. If call buying gets extreme during this phase, we go down and down hard. If put buying is excessive then we can explode up. Most likely everyone is convinced of a big move or retest and that is whay I think we go sideways for a bit killing both sides. Unfortunately I can not prove this hypothesis with a chart. I am sure you understand but others may not. ggg/ng M