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

To: Daflye who wrote (10972)	4/14/1999 11:45:00 AM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Daflye, I realize that the VIX has been uptrending. I am watching it closely here. However, similar to last month the VIX uptrended for a couple of weeks after which it finally broke higher one day and immediately went down from there. This pattern has a good possibility of playing out the same way. I say that because of the way the rest of the stars are lining up here. The trannies have not broken as of yet - they definitely are building. The RUT is just beginning to break out. The pattern on the NAZ could break (if it holds this week) short term congestion of it's highs after which the momentum of this index could actually INTENSIFY. Plus the mm's and specialist's have an uncanny ability to disguise their buying as weakness in the markets. This volume increase may actually be a prelude to a move into higher prices. Of course only time will tell. But with the trannies in such a precarious position I believe a break is very close indeed. Good trading. SO