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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: kas1 who wrote (13078)1/12/1998 6:14:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
K1,

Thanks to CatLady I was able to secure a years worth of VIX data to backtest my indicator... AND I AM NOT HAPPY WITH THE RESULTS!!!

It CAN be valuable if you take the trend of the markets into consideration... for example, earlier this year, it was only swinging from sell to hold and back as the DOW etc moved up... only when the markets have entered into this trading range has it gone from buy to sell and back again...

As to the volatilitiy in the markets... divide HK by 10 and you probably have the effect on the DOW. As you can see... Globex is only down 40 or so and if HK were to have a really big effect on our markets, I would think we would be limit down as it was Oct 27th.

Maybe a turnaround today???

I know my indicators say otherwise, but I must go with the latest info.

Bill

PS I just got notified by my software that Globex is down 7-8 which is over 50 DOW points... so maybe it WILL be bad today???



To: kas1 who wrote (13078)1/12/1998 6:39:00 AM
From: William H Huebl  Respond to of 94695
 
K1,

Down 11 now equiv of DOW down 90 points! Maybe we WILL be limit down by the open???

Bill