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It has been awhile since an MVI chart was posted on RT. Here is what the
current situation is. The MVI adaptive gave a sell a few days ago. The
MVI regular is stalled at +1 std dev. A drop to line C on the MVI regular
translates to a 72.00 point drop in the OEX if VIX stayed at 30. It got as
high as 50+ in the October '97 crash. In October 1987, VIX went to 150 if
memory is correct. Friday appears to be shaping up as a Gonzo Friday.
BobR
http://www.oextrader.com/momentum/momentum.htm
At 12:56 AM 11/7/97 -0500, G.John Boggio wrote:
>Realtraders,
>
> As many of you know, I have been posting both short and long-term
>analysis of the S&P 500 using Symmetry Wave for some time. Well, here is
>another and it is directed toward our long-term view of the markets. I
>hope you find it interesting
>
> Before I get into the specifics, I thought I would say at this juncture,
>"that my current interpretations are NOW indicating that a decline in the
>magnitude of 20.5% from the all-time highs is now underway". With that
>said, if you are still interested in what I have to say, please read on.
>
ank you.
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