AW: AW: [CANSLIM] Market

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: AW: [CANSLIM] Market
Date: Wed, 20 Feb 2002 18:23:07 +0100

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Katherine, Patrick,=20

thank you !!!=20

Andreas

> -----Urspr=FCngliche Nachricht-----
> Von:	Patrick Wahl [SMTP:pjwahl@attbi.com]
> Gesendet am:	Wednesday, February 20, 2002 4:51 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: AW: [CANSLIM] Market
>=20
> The Vix is an index that measures volatility as indicated by OEX =
options.  When the
> value of the Vix is low, around the 20 area, lately 22, it indicates =
too much
> complacency in the market.  The Vix tends to fall as the market goes =
up, and rise in
> down markets.  We recently had a drop in the market without a =
corresponding rise
> in the Vix.  When you see that reading get too low, it is at least a =
warning sign short
> term to be careful.
>=20
> This link provides a better explanation -
>=20
> =
http://www.stockcharts.com/education/What/IndicatorAnalysis/indic_VIX.htm=
l
>=20
> To see a chart, go to -
>=20
> http://stockcharts.com/index.html
>=20
> and use the symbol $vix.   Best thing would be if you can overlay it =
on an index, like
> the S&P, but I don't know which sites have that capability.
>=20
> On 20 Feb 2002 at 16:10, Andreas Himmelreich wrote:
>=20
> > What is the Vix?
> >
> > > -----Urspr=FCngliche Nachricht-----
> > > Von:	Patrick Wahl [SMTP:pjwahl@attbi.com]
> > > Gesendet am:	Wednesday, February 20, 2002 4:36 AM
> > > An:	canslim@lists.xmission.com
> > > Betreff:	Re: [CANSLIM] Market
> > >
> > > Ok, easy to say this now, where was I a couple of days ago, but =
the market was
> > > setting up for a day like today.  Two observations - one, the Vix =
was quite low, and
> > > two, the Nasdaq formed a bear flag, very nice little pullback =
against a several week
> > > downtrend.  Also, the market is a collection of stocks, many =
bearish setups in
> > > stocks, some good shorting opportunities. I think you can get an =
overall feel for the
> > > market just by looking at the stock charts and seeing how many buy =
setups there
> > > are, how many sell setups there are.
> > >
> > > On 19 Feb 2002 at 18:47, Andreas Himmelreich wrote:
> > >
> > > > uhh.. ulgly day ...
> > > >
> > > > -
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>=20
>=20
>=20
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