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Week of March
28, 2008
| Apr 4, 2008 -
VIX - As you can see, VIX appears to be violating recent near-perfect
congruencies. Bearish yellow is shifting south from an extremely shallow
bearish cycle. The violation of the green increases probability of
short-term bullishness. If the underlying blue base line is violated, the
probability of 2007 being above average in terms of bullish historical
presidential election year standards is very, very high. |
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| Apr 4,
2008 - S&P600 - The resumption of an increasing Force Vector in this
cycle is the first since before January 2007. This is classically very
bullish, but generally followed with bearish expressions. The configured
attributes of those bearish expressions add insight to potential magnitude
in either direction. Please read the daily stock market report to keep up
with this evolving element. |
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| Apr 3, 2008 -
VIX - Bearish yellow titled to the south today, offering a mild
indication of sustainable bearishness, which is bullish for the stock
market. |
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| Apr 3,
2008 - S&P600 - Force Vector continues hovering above its upper range.
This is also bullish, but a healthy retreat to bullish red curve will
increase bullish probabilities. |
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| Apr 2, 2008 -
VIX The green line below is a technical test point. It is an
inflection point line tangent to the bearish yellow minimums. As you can
see from the recent past, the VIX moved down to those inflection point
tangent lines and then bounced off on them. That northerly bounce
coincides with stock market bearishness. The last yellow cycle did not
fall as low as its predecessors. The stock market bull would prefer the
newly forming green line be obsoleted and superseded by VIX moving below
it. Unfortunately, the VIX bounced off green adding some substantive value
to it. This could add bearish pressure to the stock market. |
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| Apr 2,
2008 - S&P600 - On the other hand, the S&P600's refusal to drop below
Force Vectors upper range limit incentivizes the bull to vigorously
counter-punch the bear. |
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Apr 1, 2008 - VIX lost
bullish red, which is bullish for the overall stock market. Its
bearish yellow curve should approach the baseline (lower orange line). If
that happens, the new bull market should at worst be bullish for at least
four to six weeks. Historical standards suggest the market will be
bullish, overall, for 2008. |
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Apr 1, 2008 - S&P600 Force
Vector continues moving south, but remains in bullish domains.
Furthermore, its Vector Pressure is about to cross over into deep bullish
domains, which suggests underlying strength to this bull market. As long
as the weakest index in bear market behaves bullishly, the overall stock
market should maintain bullish posturing. In other words, bearish
expressions will be mere short-term profit taking spurts, as opposed to
sustainable bears. |
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| March 31,
2008 - VIX - Force Vectors remain in bearish domains. Bearish yellow
should continue rising, while the index should continue falling. There
will be occasional bullish spurts in this index, which correspond to stock
market bearishness, |
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| Mar
31, 2008 - S&P600 - This index's Force Vector remains deep inside
bullish domains. Although this configuration is similar to that of
previous bullish spurts, which were short-lived, configurations continue
to support a fairly sustainable bullish spurt. The year, 2008, should
finish up on a bullish spurt. |
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03/30/08-The VIX Index
should continue in its downward draft toward its bearish yellow curve.
This cycle should invite interaction with bearish yellow. That prognosis
supports a Quick-term Bull stock market. |
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03/30/08 - The S&P600 fell below its
bullish red curve. That would normally invigorate the bear. However, its
Force Vector continued to rise. That imposes constraints on the bear's
ambition. Do not be surprised at a continuation of the Quick-term bullish
cycle now underway. Although the chart shows the Force Vector flattening
out, it in fact rose last Friday. It should start falling, but it has
elevated so much so that Vector Pressure is amount to enter into bullish
domains. That will also introduce constraints toward bearish ambition. |
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