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To: geewiz who wrote (12215)8/19/2000 1:57:12 PM
From: NucTrader  Respond to of 436258
 
VIX below 20...
While a large move may be imminent, the VIX isn't a predictor of direction, nicht wahr? I'm long LU and went short the COMPX by USPIX Friday, but think I'm probably "long and wrong" on the short, based on the looks of the CCI, PPO, and the latest EWA.
stockcharts.com
>>The Elliott view is that the "third of a third" wave swing is in play (W.3:3:5). That implies that the corrections from here on out will be short-lived in terms of both price and time. <<