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To: NickSE who wrote (33863)4/15/1999 3:26:00 PM
From: John Pitera  Respond to of 86076
 
Tom Drake said his VIX indicator was calling for rally

I got this email at 1:25 est.--and he was right.

We have a VIX RSI reversal signal (modified from that guy who is
always mentioned along with Linda Raschke), and SPM9 is trying to
save that first big 60 min upbar after the 5 April opening gap. If we
can get back up into the next higher long upbar from 6 April at
~ 22.60, there's a chance for a late upsurge. otherwise it
seems likely we reprove the old adage that nature abhors a gapuum (or
two).