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Strategies & Market Trends : Waiting for the big Kahuna

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To: jjs_ynot who wrote (32338)10/24/1998 9:24:00 PM
From: William H Huebl  Read Replies (2) of 94695
 
Dave,

Anything is possible and once you forget that, you lose your objectivity.

Now to confuse you even more, I got my first VIX buy signal since early July...

On top of that, the VIX RSI is breaking down so as to show a topping action that both Donald and I see.

If we break 8,700 to the upside... then I think we will regain our old highs.

Only if we got much below 7,900 in the next week or so would I be concerned about getting below 7,400... but I do NOT see any indication that will happen any time soon.

Bill
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