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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (69623)	3/25/2003 5:40:45 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Weekly VIX paints a bit of a different picture here, however: stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J6972190,Y]&listNum=1 You could make a case for a bull flag there, but the most obvious thing is the support around 29 on the weekly rising support. At a 32.50 low today, that's not far away. Furthermore, we usually hit the low VIX numbers after the highs are in.

To: Shack who wrote (69623)	3/25/2003 10:21:45 PM
From: GrillSgt	Respond to of 209892

Never got the Klac fill however I fully intend to. There may be a couple of more days to this upcycle....time will tell if we've put in the cycle highs but it is my belief that we have, We still have until mid April before they roll out their disaster. Let's face it,,Intc has been puking and only recently started admitting to Capex cuts which seem to get deeper and deeper. We should be firmly into the down cycle when they drop their bomb heading into a 4/13 turn i suspect to be a low. I will remain patient and look for a buying climax somewhere around day 10 or so of the down cycle. As the market is climaxing that day it will be a great opportunity to sell as OBV deteriorates. If OBV does not decline then look for a sell on weakness a/h or at the open. This is because that particular recent rally will over and the expectation and probability is high that the by the 13th day we will see a close below the mid cycle low close.