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TREND1

09/12/04 1:25 PM

#294206 RE: Zeev Hed #294204

Is SMH 30 minute chart coming to end of WAVE 3 ?

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Public Heel

09/12/04 1:25 PM

#294207 RE: Zeev Hed #294204

Speaking of short term oscillators, what do you make of the VIX being so low? I know you think that what matters most with the VIX is change/continuance of direction, but isn't it much more likely the change direction when it's so low? Last time it was at this level (7/14), the Naz dropped 7% pretty quickly...
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TREND1

09/12/04 1:27 PM

#294208 RE: Zeev Hed #294204

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TREND1

09/12/04 1:28 PM

#294209 RE: Zeev Hed #294204

If it is end of WAVE 3, then waiting for end of WAVE 4, to
buy the last wave which would be 5

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otraque

09/12/04 4:25 PM

#294229 RE: Zeev Hed #294204

<<as well as the post Oct 2002, the difference often got to 400 or more and stayed this way till the next major top, the worry is when a cross over confirms a change of trend, is it not?>. Situational both imo--Oct2002 that was the big bull rally off the big bottom; i see nothing like that happening now imo---but it is my bigotry now the the bull cycle rally on is over.