Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: ajtj99 who wrote (555)	4/28/2003 2:00:17 PM
From: the-phoenix	Read Replies (1) of 941

Not quite, aj. Room to go a bit lower there (as there is room for the indexes to go a bit higher, I guess.) Low end of the VIX PRZ was 22.40s... This morning's .786 retracement on the SPX is interesting. Could be setting up another topping pattern up to the 925 area... That would allow the DOW Triple Top to break marginally and some of the unfinished patterns in the DOW component stocks to complete. I may be exiting my shorts on this pullback off the morning run with the idea that better prices to short are coming in the next couple days.

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