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

To: William H Huebl who wrote (38307)	3/12/1999 7:34:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, >>>> What you read as a flag (really, a reversed pennant) I read as a broadening formation. That explains how hard it is to know when to buy and sell. We are in the 6th point of the broadening formation and it is over midway <<<<<< Ok, that makes sense, whatever we call it. The pole of that flag is about 18 points, so it implies that the VIX could get to around 43 based on yesterdays closing figures, which implies a strong pullback. Interesting how the the DOW was up so much and the VIX actually was flat. Also look at the last 4 days on the VIX where it has been flat, which is unconventional for the previous period. It looks like a small horizontal leg when the previous month has been going up and down. I interpret that as an anomoly which is commonly a signal of something strong to come. I also notice the numerous oscilations, and I also feel it will get disolved within days, could be as early as today seeya