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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who wrote (424)4/8/2003 9:39:58 PM
From: the-phoenix  Read Replies (2) of 941
 
Update on VIX Weekly Study:

With today's new low on the VIX, a .786 retrace of the move from the January low to the March high was completed, finishing the third leg of a very nice Bearish Gartley pattern that appears to be forming over the past six months:

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If this pattern plays out, it should complete with VIX highs between 44-45, possibly sometime in the next two months.
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