|
PureBytes Links
Trading Reference Links
|
Caution - just got a VIX alert at 22. The 20-22 area often marks
short/intermediate term tops and 30 often marks short/intermediate term
bottoms. Tops/bottoms generally occur within a day or two of hitting these
levels. The speed of the decline from 31+ on 24Sep is indicative of very low
fear levels.
Earl
----- Original Message -----
From: Ned Markson <cnedgo@xxxxxxxxx>
To: swp <swp@xxxxxxxxxx>
Cc: <Proffittak@xxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Friday, October 08, 1999 9:06 AM
Subject: Re: sp500
> In the FWIW department, my midterm indicator alerted a change in
> market from bearish to bullish last Friday and turned bullish at
> the close on Monday. I went long on Monday at the close.
>
> Ned Markson
> http://users.erols.com/cnedgo/123.2297/fcst61.htm
>
> swp wrote:
> >
> > The cash market is well above the 200-day and traded above the 50-day
> > but did not close there yesterday. I think those numbers are more
> > important than the futures which are distorted by the interest rate
> > component.
> >
> > Steve
> >
> > ---
> > Steven W. Poser, President
> > Poser Global Market Strategies Inc.
> >
> > url: http://www.poserglobal.com
> > email: swp@xxxxxxxxxxxxxxx
> >
> > Tel: 201-995-0845
> > Fax: 201-995-0846
> > ----- Original Message -----
> > From: <Proffittak@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxx>
> > Sent: Thursday, October 07, 1999 9:37 PM
> > Subject: sp500
> >
> > > j: sp500
> > > Date: 10/7/99 9:34:14 PM Eastern Daylight Time
> > > From: Proffittak
> > > To: realtraders@xxxxxxxx
> > >
> > > hello again
> > >
> > > sp is trying real hard to get over 50 day and 200 day m/a
> > @1338-1340 area
> > > McCllulen osc was showing a bullish divergence
> > > and new lows are decreasing
> > > i suspect we penetrate and close above 1340 soon
> > > big question then is: are we on our way to new hi??
> > > i suspect we get the answer AFTER expiration
> > > (i personally did an anticipate a trend instead of waiting for one
> > to
> > > develop and lost 24 points)
> > > happy trading
> > > Ben >>
> > >
> > >
|