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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (93463)	3/18/2004 7:53:41 PM
From: skinowski	Read Replies (3) of 209892

an almost 11% one day crash in VIX certainly does call for a "consolidation" We got the consolidation, and the VIX recovered 38.2% of the loss since 3/15. Just for curiosity, the rise (15min) looks impulsive, while the pullback (in VIX) was a three-waver. Suggests more of a pullback in the markets tomorrow. Many would argue that one cannot TA or EW the VIX. I am not sure. Heck, if it turns out to work, screw theories. Since when don't we accept that emotions do move in EW fractals... bg/ng.

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