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Strategies & Market Trends : Point and Figure Charting

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To: Tommy Dorsey who wrote (20932)6/9/1999 3:39:00 AM
From: Jorj X Mckie  Read Replies (2) of 34811
 
Hey Tommy D!
Just squirreling around DWA and found a chart that I have no idea how to apply to the market. The chart is for the VIX or CBOE Volatility Index. It has a pretty solid trading band from 24 to 31 with a spread quad bottom at 24 and a quad top at 31. It is currently sitting at the support level of 24 and change. Are you aware of any correlation between the VIX and the P&F indicators? or am I just seeing faces in the clouds?

Thanks,
Tommy D2
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