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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (14702)12/1/2002 8:05:12 AM
From: AugustWest  Read Replies (1) of 57110
 
if the charts are mimicking each other, it would indicate that next week is a big rally

I'm referring to patterns but not absolute values.
So while the VIX count is higher right now, I'm thinking it might be at a bottom, as it was in the beginning of Nov 98.

I'm expecting the VIX to hit 38 soon so I suspect the next move in the markets will be down, pushing the VIX upwards.
Time frame? Maybe two weeks in duration.
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