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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KevinMark who wrote (83394)9/11/2002 10:45:34 AM
From: marginmike  Respond to of 99985
 
have to break in to 20's IMHO or at lewast below 32-33



To: KevinMark who wrote (83394)9/11/2002 11:17:23 PM
From: Tom Pulley  Respond to of 99985
 
Re Vix looks very interesting here. Looks like we could have 2-3 solid months of upside from these levels.

Vix is still quite high, but some other indicators are now showing we are nearing a another downtrend. An example is the weak increase of Nasdaq new highs and the associated MACD appears to be starting a downtrend:

stockcharts.com[e,a]daclyyay[d20010811,20021211][pb33!b7][vc60][iUb14!La12,26,9]&pref=G

The Vix is tough to call for me. It is still quite high indicating lots of room for it to head down (with an associated rising market), but the Vix stochastics is actually indicating a new Vix uptrend (pointing toward a falling market):

stockcharts.com[e,a]daclyyay[d20010911,20020911][pb7!b20!b12][vc60][iUa20,26,9!Ue20,26,9!Lp39,11,7][J6357448,Y]&pref=G

In any event, my timing model has now moved from 50% long to 25% short, so I'll be selling QQQ's in the morning.

Tom