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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (354012)	1/19/2008 1:35:32 AM
From: LTK007	Respond to of 436258

Just watched a fellow named Chris Johnson of Johnson Research and technical analysis on BTV. We are on the same page. He states this market inspite of its oversold indicators has nonetheless refused to capitulate for wich he says the VIX is the #1 revealer of capitulation. So, aside from a DC bounce, this down move is not over. He shows how the SPX has shattered it 20monthma and he says this is a Bear Market signal which means expected supports fail until there is a true capitulation. He says VIX must exceed 32 but be on alert for a bear market VIX signal, which is in the 40 area. Quick Trade DC bounces can be risked but this market is NOT ready for a sustained rally. At this point 1425 is a RESISTANCE for SPX based on its present 20monthma(which as of close today at 1422). So in a nutshell,until VIX signals a capitulation shorterm DC bounces is the best traders can expect. Also he says we are in a situation where a given support line can't be trusted as this a bear move that has NOT capitulated.Max p.s.i concur with of the above,fwiw:)