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

To: augieboo who wrote (23604)	1/10/2003 5:10:40 PM
From: orkrious	Respond to of 30712

augie, it can't happen soon enough

To: augieboo who wrote (23604)	1/10/2003 5:14:54 PM
From: Jeffrey S. Lillie	Respond to of 30712

not until now. recently i posted somewhere i felt vix would hit 50 before 20 though. my take on the vxn chart is if it does hit the bounce early next week it will go at least to mid bb around 46. higher levels certainly possible after that j

To: augieboo who wrote (23604)	1/10/2003 5:33:41 PM
From: LTK007	Read Replies (2) \| Respond to of 30712

Major volume depletion from last year----COMPX volume for last 5 trading days as compared to last year(ROUNDED OFF). And this is SIGNIFICANT in my opinion. It both explains the EASE for the "controllars" to play the market as they wish(which is to bull side) and to be giving an intermediate term bear signal at the same time. Volume last year 12.4 Billion shares, volume this year 7.4 billion. Net change minus 5.0Billion shares. Net pecentage change (rounded off) minus 41%. In my humble opinion this volume in a rising market is VERY BEARISH longterm.Max

To: augieboo who wrote (23604)	1/10/2003 7:48:08 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

I think it's close, but the monthly VXN here says it could go lower: stockcharts.com[h,a]maclynay[df][pb10!b20!d20,2!a42.78!f][iLh5,5!Li10,10!Lp14,3,3!Lb14!La12,26,9][J6783156,Y]&pref=G It is a bit of a stretch to call that a wedge. It's pretty much a toss-up between a wedge and a channel. A low at 39 and a reversal would make it look a lot like a channel. If you want to see a channel, check that daily chart of yours since Dec. 2. That's a pretty steep sloping down channel.