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Strategies & Market Trends : P&S and STO Death Blow's
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To: augieboo who wrote (23604)1/10/2003 7:48:08 PM
From: ajtj99  Read Replies (1) of 30712
 
I think it's close, but the monthly VXN here says it could go lower:

stockcharts.com[h,a]maclynay[df][pb10!b20!d20,2!a42.78!f][iLh5,5!Li10,10!Lp14,3,3!Lb14!La12,26,9][J6783156,Y]&pref=G

It is a bit of a stretch to call that a wedge. It's pretty much a toss-up between a wedge and a channel. A low at 39 and a reversal would make it look a lot like a channel.

If you want to see a channel, check that daily chart of yours since Dec. 2. That's a pretty steep sloping down channel.
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