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


To: quasi-geezer who wrote (46124)7/7/2003 6:05:08 PM
From: Haim R. Branisteanu  Respond to of 52237
 
the VIX goes down when people are so sure that the market will only go up at a steady pace that is why also P/C ratio are important.

from today P/C ratio and VIX/ VXN reading many anticipate a correction etc. therefore the VIX went up.



To: quasi-geezer who wrote (46124)7/7/2003 7:09:58 PM
From: Haim R. Branisteanu  Respond to of 52237
 
There is a cluster of GANN dates on July 11/15 it coincide with several economic reports so may be the turn will be then.

I do not put a lot of weight on TA but it helps as a general guide as many trade on TA



To: quasi-geezer who wrote (46124)7/8/2003 2:58:06 AM
From: SpecialK  Read Replies (1) | Respond to of 52237
 
Fallen cowboy, another chart I'd look at is this one> BPCOMPQ

stockcharts.com[e,a]dhclyyay[d20000420,20030730][pc20!c200!f][vc60][iUb14!La1,200,1!Lk14!Lp14,3,3][J12331978,Y]&pref=G

I wouldn't be shorting heavily until it crosses its 20day moving average. as you can see, it is very overbought and due for a correction.

OTOH, markets don't listen to reason.