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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (5330)	2/3/1999 12:54:00 PM
From: donald sew	Respond to of 99985

INDEX UPDATE ==================================== Took at the VIX and noticed something interesting. At the end of NOV/early DEC a MEGAPHONE started appearing. This can be identified by HIGHER HIGHS and HIGHER LOWS. It now appears that the MEGAPHONE has ended with the last peak around mid-JAN when the VIX got to the 35-36 range. Since that peak the VIX has created a HIGHER LOW a few days ago in the 26-27 range. Unless drops below the 26-27 range the trend now is in an uptrend. For those who are not familiar with the VIX, it moves inversely to the market; therefore a rising VIX is implying increased negativity for the market. I am only eyeballing it, but it appears that the upper trendline is targeting 40 by the end of this month. That implies significant negativity unless the trend changes. seeya