AI
Thursday, November 06, 2003 7:43:01 AM
Chi2: HOW R we doing?
by Cherney's criteria? we can check this post at anytime during the day to see.
Near the close of trading on Wednesday, the VXO's (market volatility index) 10-day exponential moving average was near 17.77. Equity markets tend to rise when the VXO is beneath its 10-day exponential moving average and moving lower.
There is still a positive tone in place for prices. It is not very strong, but it still has to be characterized as positive. I would become concerned about immediate downside if the VXO moved above its 10-day exponential or if the Nasdaq started printing under 1,945, for the S&P 500 a similar price of downside concern would be a move under 1,044.
by Cherney's criteria? we can check this post at anytime during the day to see.
Near the close of trading on Wednesday, the VXO's (market volatility index) 10-day exponential moving average was near 17.77. Equity markets tend to rise when the VXO is beneath its 10-day exponential moving average and moving lower.
There is still a positive tone in place for prices. It is not very strong, but it still has to be characterized as positive. I would become concerned about immediate downside if the VXO moved above its 10-day exponential or if the Nasdaq started printing under 1,945, for the S&P 500 a similar price of downside concern would be a move under 1,044.
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