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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (68665)10/23/2002 7:39:06 PM
From: heehee1  Read Replies (1) | Respond to of 100058
 
On the bullish side, eyeing the same vix chart, you could say there's a bear flag in the making with pole measuring from the recent 50 reading. Taking it to 30. Agreed that would take a hell of a rally to bring on 30 but heck, if they can bring on 1300 pts in 2 wks, I won't underestimate the power that brought this on.
Adding to the bullish scenario, if we close this week any where at this level, the weekly sticks scream "3 white soldiers" with nasty swords to chop more bear heads. So if we indeed have topped, it better turn NOW or we'll have smoked bear for thanksgiving instead of turkey.

Re: Vix at 90... BRING IT ON...