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

To: Justa Werkenstiff who wrote (38340)4/30/2003 10:21:11 AM
From: Techplayer  Respond to of 57110
 
With e VXN at multi year lows, I do not even know how to interpret it. My view is that the SPX has been contained within the trend so far and that the Nasdaq is inflated beyond a ;evel that can be sustained. The BPCOMP is over 50, with recent historic highs in the 55-56 range...

The question to me is not if, but when the air comes back out of the new balloon.



To: Justa Werkenstiff who wrote (38340)4/30/2003 10:24:03 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
I see the VIX/VXN move with the slightly lower high to be a bearish divergence. We didn't come as far, yet got more complacent.


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