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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: TREND1 who wrote (12316)11/10/2002 12:12:58 PM
From: ajtj99  Read Replies (2) | Respond to of 57110
 
Larry, you may want to look at the twitchier indices for tops, like BPOEX and BPNDX. They are more volatile, and appear to mark tops and bottoms better when the tops and bottoms do not occur at the extremes.

If you look at a chart of the VXN, you will notice a triangle building on the chart. Whipsaw city on the horizon:

stockcharts.com[h,a]dacaynay[de][pf][ilp14,3,3!lh5,5][J8037193,Y]&pref=G

Also note, we had a temporary breach at the bottom of the triangle. Often times the first break is a head-fake, and the real breach happens in the opposite direction.