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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (18599)	1/17/2003 3:41:40 PM
From: Sharp_End_Of_Drill	Respond to of 23153

Gottfried, hope is about all there is. Does it still spring eternal? Sharp

To: Gottfried who wrote (18599)	1/17/2003 3:45:14 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

GF, Thanks for posting the sox chart. I think a completed head and shoulders is baked in the cake on that chart. If you draw your neckline at the open or close of the day and connect them you'll see the neckline actually slants up and the right shoulder will complete if it drops another 10 points to 288, or about 3.5%. The candles for the last 5 days have been pretty awful and the index is now below the 50 dma. stockcharts.com[h,a]dbclyiay[pb10!b50!f][vc60][iut!Lh14,3!La12,26,9!Lb14!Lg!Lc9!Lf15]&pref=G Somebody (PVZ?) had a rule of thumb for how much it was going to correct to the downside, but the upside from the first point on the neckline is over 110 points, if that's the downside then you're looking at 180 or so??? Even half (if that was the rule) takes you to 230? Ouch. As for the Vix, eyeballing some of these charts (printing them out, taping them together) it seems clear to me that the index can start to fall, and really cascade, before the VIX has actually made its bottom. Kb