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To: jjstingray who wrote (63415)	1/10/2003 5:25:09 PM
From: Moominoid	Respond to of 209892

Very pretty! :)

To: jjstingray who wrote (63415)	1/10/2003 5:39:56 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

In my ear (well, my eyes) I always hear AA say "with an overshoot for the chart chasers." Just keep that in mind.... Still, clearly any serious break below that is a major hound, and clear out the shorts. the freep

To: jjstingray who wrote (63415)	1/10/2003 6:18:44 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

Don't rule out a possibility of a move down to the April/May lows in the VXN.x. This would be in a 36-38 range...

To: jjstingray who wrote (63415)	1/10/2003 9:05:02 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

jj, I'd go back further stockcharts.com[h,a]daclnnay[df][pb50!b200!f][iUb14]&pref=G Something in the 36-40 range would provide a more durable bottom historically on a numerical basis, so I agree with the opinion of JackOfAllTrades. And that number would be between 18-21 on the VIX. There are basically two schools of thought on the VIX and VXN; one says you can't accurately chart the VIX and VXN like stocks and indices and expect the patterns/waves/indicators to work the same way, and the other school says you can. I lean more toward the former and look only at the numerical value at extremes. Even in that case, I have to say that we're close to getting there but not quite yet. I'm giving it at least another week.

To: jjstingray who wrote (63415)	1/11/2003 12:25:18 AM
From: Perspective	Respond to of 209892

I was looking at that same thing. In terms of figuring out when a correction of a downleg is complete, watching the volatility measures retrace to their prior lows is about as sure a signal as you can get that the correction has accomplished its purpose. If you believe that we are merely correcting something, some down, you have to respect the retrace to the lows of the past several years as a sign that said correction is done: stockcharts.com!La12,26,9%5D&pref=G The only alternative for substantial up is that it is NOT a correction, and there are so many elements necessary for a bottom that were never produced that it is an extremely low probability scenario. BC