Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who started this subject	4/22/2003 11:33:24 AM
From: the-phoenix	Read Replies (2) of 941

Here is one more look at the SPX/VIX to throw into the mix: share.esignal.com The ratio of the SPX to the VIX is nearing completion of a possible truncated Gartley in the 38.5 - 39.2 zone. (The line chart is based on closing "prices", but the fib ratios are calculated off intraday highs/lows. I couldn't get eSignal to plot a ratio as a candle or bar chart.) Notice that the previous high pivots in this ratio came at the March 2001 and late November 2001 market tops, and that the low pivots came last October and then in early-mid February. So this ratio has been pretty decent at marking significant turns. We will need to see if this potential Gartley marks another one.

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