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

To: Killswitch who wrote (14423)	8/23/2002 10:21:17 AM
From: lifeisgood	Read Replies (1) \| Respond to of 19219

Regarding the VIX, how do you count what we had in fall 98? It went above 40, then back down (but now below the 200 MA) and then made a second higher high 1.5 months later. First, that was in a bull market. Second, it eventually played out as I've described only later (after a "double dip")----> peak to peak was 5 weeks. Finally, if you had bought at the first peak and held until it did move down below the 200 day MA, you would have made a very profitable trade. That is true for each occurance of the VIX moving above 40 over the past 5 years. best... LIG