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If these Implied Volatility bands are correct, then we shouldn't fear the
AIQ 99 sell signal tomorrow. The bands are constructed from the VIX and
OEX(propriatary code). The slight pullback on Tuesday corrected the
overboughtness that occurred on Monday as the OEX pulled back from between
+1 and +2 std dev to slightly below neutral. If anything the market will
try to push up again on Wednesday.
Cheers,
BobR
http://www.oextrader.com/momentum/momentum.htm
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