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To: orkrious who wrote (70438)4/4/2003 3:12:44 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
I think we might have just a little more on the VXN

If you draw a trendline connecting the August, November, an January bottoms it would come to about 38ish presently, which is where it could end up headed.

stockcharts.com[h,a]daclyyay[dd][pb20!b50!f][vc60][iUb14!La12,26,9]&pref=G

This VIX/VXN divergence that you mention might mean that if the naz tops here, we could still go higher on the DOW, like the divergence we had in January-April'02, where the naz went lower while the Dow went higher.