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

To: StockOperator who wrote (5417)	2/4/1999 10:09:00 AM
From: donald sew	Respond to of 99985

SO, >>>>>>>>>> My read on the VIX chart is pretty much in agreement with his. There are three months of higher closing prices on the chart - with not much overhead resistance at these levels. I do not necessarily agree with his call for a 20-25% correction. However, it could definitely be a big speed bump along the way. I think it depends on how things play out over the next couple of weeks with all the avgs, including the VIX. Worth keeping an eye on. <<<<<<<<< The VIX is still new to many, but I feel it is a good indicator of market sentiment, since it measures what people are willing to pay for OEX options. I mentioned in an earlier post that the VIX formed a MEGAPHONE from NOV to early JAN, and ending in early JAN. From the end of the MEGAPHONE in early JAN the VIX is now in an upward trend which implys negativity in the market. The current trend in the VIX is relatively steep. Seeya