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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (70562)4/19/2005 7:53:33 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
The P&F chart projections say you are right... but what do they know?

My estimate is that we need to get in the 27-29 range for VIX or VXN before some short of meaningful bounce and that probably relates to around 9,700 on the DOW 30 industrials.

Longer term, we could be looking at 33 for VIX/VXN turnaround and as low as 9,200 on the DJIA.

All the caveats apply here!