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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (6643)5/17/2008 9:43:13 PM
From: skinowski  Read Replies (1) of 41427
 
Can't help you much with your chart - I'm no Gann-er - but the fact that VIX is testing the Oct lows while the markets made a meaningful but so far unspectacular retracement - is bearish.

Friday Candles - VIX traced out a Shooting Star, while INDU, OEX, SPX, and arguably COMPX made a Hanging man. UGA and (maybe) USO did the same. When topping patterns keep getting negated by other topping patterns, more often than not they end up "working out".
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