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mlsoft

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mlsoft

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Monday, 08/19/2002 5:51:54 PM

Monday, August 19, 2002 5:51:54 PM

Post# of 704019
VIX/VXN....

Anyone watching the VIX/VXN levels? I know all are watching the equity p/c ratio, which is quite bearish still, but to me the VIX/VXN is strong confirmation that this rally is either in trouble now, or will shortly be in trouble. As mentioned the other day, all during this bear market, a rapid and disproportionate decline in the VIX/VXN during a rally has signalled that they were reloading for a trip down, usually to new lows. That is what is happening now, in my opinion.

Of course that and $1.00 will get you a cup of coffee in many good eateries.

mlsoft

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