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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: TradeOfTheDay who wrote (56653)	10/29/1998 12:29:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

Bev, Yeh, I see that the VIX just hit below 29. It could be a reversal signal but it is not lining up with my short-term technicals which is now only at 40 which is the mid-range. That is giving me the hint that the the VIX may be developing a new support area(SELL SIGNAL) in the 25-27 range, which could mean another 100-200 points to the upside. What bothers me is that the reading for the NAZ is now at 92, which is in CLASS SELL territory. This is one of the hardest times to read the technicals. My GUITAR calling for a SELL right now but its reading are out of wack, so I am ignoring its signal. As indicated previously, if this upswing continues it wont be smooth. Seeya