To: donald sew who wrote (50284 ) 8/19/1998 11:10:00 PM From: MonsieurGonzo Respond to
Donald; RE:" VIX.X "Take a look at Lisa's favorite candlestick website... Have you ever seen so many reversal signals...? BKX.X - Banking Index , or, more broadly, the NF.X - NYSE Financials Index - and we're watching this particular sector in relation to SPY / SP98U movements.Within a nine day period starting AUG 4 we had a TWEEZER BOTTOM, INSIDE-OUT REVERSAL, ABORTED REVERSAL, ENGULFING REVERSAL. That's a lot of reversal signals within a 9 day period... our market, Donald - and the others as our responses to external market events . The DAX-30 and other markets lagged us during this drop (whereas heretofore, our markets lagged their sell-offs), and the EU took time to have their first reversal at the end of their (sympathetic) sell-offs. The currency flux, and subsequent artificial intervention, we attribute to that last reversal signal on Monday.VIX.X - Volatility Index NewsBlurb...biz.yahoo.com doji helped them (reduce volatility somewhat), but it also created a doji on the VIX.X itself, portending a possible morning star type reversal towards volatility going back up.VIX.X opening at or above ~27.75, followed by an immediate sell-programme, would be a so-called "VIX.X sell signal". Though in a fast market , it could portend another blow-down buying op, or bear trap , if an "apex" appears intra-day, followed by strong buy programmes that squeeze shorts relentlessly. Then tomorrow's VIX.X candle would look like a shooting star ; the index, a hanging man or hammer dilemma, awaiting confirmation. Depends on volume - a light volume day, even with (some) price decay, would be bullish .began the week - would create an enormous inverted hammer (or the classic gravestone doji ) on our weekly charts (^_^)
