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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?


To: sun-tzu who wrote (257)4/18/2003 2:56:03 PM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 3432
 
here's the whole bubble, pre and post.

stockcharts.com[w,a]declynay[d19950418,20030418][pb200!b600][iUe1,200,1]&pref=G

imo we are now going to deflate the last $vix upsurge, look for the 200 dma to return to the 26-27 range. since SI in general seems fascinated by retracement theories -g- $vix will probably sit there for a couple of years before the 200dma retraces down to the mid-teens.

always dangerous to infer prices from $vix, the most that can be said is that such a retrace is consistent with the kind of bear market we had post '66.

i realize that would be a huge disappointment to those expecting a 3-digit dow by channukah. -g-