Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Compadre who wrote (44661)	5/9/2003 5:56:42 PM
From: Paul Shread	Respond to of 52237

Thanks, Jaime. The 1,081 TICK at the close could make it tough to gap up on Monday anyway. Some nice dojis on the weekly sticks, BTW. Anecdotally, a friend of mine tells me he got 10 calls today from clients who think the market is going to "melt up" or "explode." A rare event, he claims, and usually not a bullish one.

To: Compadre who wrote (44661)	5/9/2003 7:11:43 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Was looking at the VIX and its weekly Bollinger Bands, one of my favorite indicators that has been off somewhat lately. The VIX has run along its lower weekly BB for four straight weeks for only the fourth time in 9 years. Two of those previous times (July 1998 and March 2002) occurred at major tops. In July 1999, the market had a sharp three week correction before recovering. The July 1998 and July 1999 tops coincided to the day with a reversal in the VIX. The March 2002 VIX reversal occurred two weeks after the market peak.