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Re: GLENO34 post# 54551

Thursday, 07/03/2008 10:18:12 AM

Thursday, July 03, 2008 10:18:12 AM

Post# of 384941
Gleno, the $NDXA50R is probably much lower today than yesterday at 10. This is getting close to a ST bottom. Although I agree the VIX needs to be much higher for capitulation. Can you create a chart of the $NDXA50R over the past 10 years? Thanks.

Note: the last couple NDX bottoms in Jan08/March08 and June07/July07. Although lows are made it seems like we need to see a positive divergence in this chart to see a true bottom. Note the June07 lows is lower than the July07 lows on this chart and the NDX finally bottomed in July07 same with Jan08 to March 08 w/ the final $NDX bottom in march.






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