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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (15763)11/19/2002 3:41:07 PM
From: Steve Lee  Read Replies (3) | Respond to of 30712
 
Then u will b happy that VXN just hit new LoD as NDX did the same. Someone else already pointed out today that these two were going down together. VXN at 45 is a nice level to be short at. Suggests that dip buyers are out in force, but some bigger power is moving the market.

DISTRIBUTION

Edit - and just saw u noting the same thing, Max. My explanation is above. It has recovered a point or so since that dip down a few mins ago. Bear in mind VXN is calculated from data that is anything from a few seconds to a few minutes old, so there is some lag.