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


To: GROUND ZERO™ who wrote (31556)10/14/1998 1:44:00 PM
From: bearshark  Read Replies (1) | Respond to of 94695
 
GZ: I checked the VIX earlier and it did go down. I also keep an analysis of the up/down volume on the DJI stocks and their variance with the NYSE. That quieted down into an investment mode from a trading mode over the last couple of days. In the last 30 minutes or so the NYSE has had 55 million up volume to 2 million down volume. Your advances are now picking up steam. It will take some time for the smaller stocks to see what is happening.

If this is a fakeout it is incredibly convincing. The averages are not showing the strength yet.