Replies to post #69827 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Augie's hourly VXN chart indicates a possible turn by early afternoon tomorrow (at least in the VXN):

http://stockcharts.com/def/servlet/SC.web?c=$VXN,uu[g,a]eaclynay[d20021206,20030129][pd20,2][iUp13,8...

The VXN full stochs melted from 90 to 30 in 2-sessions. They could turn back up at around 20 tomorrow if the trendlines hold once again.

That does not rule out a gap up on the GDP, but it may give us a gap, sideways mush, and crap instead of a gap and run.

EOM seasonal stuff is happening here also. Dow usually finishes up the last 2-days of the month.

[jrintl]

W- I didn't totally understand your response to a99...you allow for some up until Monday, but you also agree that one more day up with good internals would change the trend to positive...you would be shorting into a trend that just turned positive, or ??