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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40317)	11/3/2003 7:43:58 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71015

By:RumorDude Mon Nov 3, 11:34am PST $VIX.X $SPX.X There's an unusual contradiction here: the SPX is rising yet the VIX also is. Typically these ould be inversions of each other. With the VIX at already incredibly low levels, I find it hard to believe peopel are aggressively selling puts -- which suggests they're heavier on the buy side. Smart money or not, I still feel we are ripe for a large correction, although it might be past this November expiration. none [Harry: We are vunerable to this as long as the COMPX remains below the current 52 week high. We need to get another support level below us to negate this scenario. My own model needs to look at T2113 and T2110 to confirm a sell off. Technically we are in overbought territory. I do not have a sell signal yet though, so go with the tend which is up.]