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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (76136)11/18/1999 4:47:00 PM
From: Cynic 2005  Read Replies (4) of 86076
 
I would say the steep decline would have to start Monday. Here is why:
Bullish sentiment measured by 20day EMA of VIX will be at extreme as of today's close.
decisionpoint.com
quote.yahoo.com^VIX&d=t

If tomorrow is another up day with VIX breaking 20, we will cross over the upper band. The last 20 day pattern is comparable to the July blowoff. The correction from July 17th was very steep and violent.
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