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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: jeff wheatley who wrote (12373)12/26/1997 6:21:00 PM
From: Joan Osland Graffius  Respond to of 18056
 
Jeff, >>that an 8 month RSI trendline on the S/P 500 is about to be busted.

If you look at the S&P 500 weekly chart using 30 weeks as the RSI period, the trend line is busted. VIX in my opinion is continuing to climb a wall of worry, ie. people are willing to pay more for options. I have not figured out what this is telling me but people with fear are willing to pay more for insurance.<ggg>

Joan


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