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Alex,
Just readin' my tea leaves. :-) BTW, Value Line hit an all time high
on Tues.
Take care,
Chris
--- In realtraders@xxxx, Alex Bell <alex_bell@xxxx> wrote:
> Hello Chris,
>
> readings like 13 is a phenomenon of 95-97 years when market was
in a
> steep bull mode. Now in the midst of bearish market it is
virtually
> impossible. To me thinking of vix going below 15 is equal to
statement
> that we are nearing to strong bull market which is hardly
possible
> here due to several reasons (valuations particularly) - imo.
>
> And besides fundamental considerations I think technically it is
not
> suitable to apply forks to VIX since it is rather ranging
instrument
> than trending.
>
> Best regards,
> Alex mailto:alex_bell@x...
>
>
> Thursday, March 21, 2002, 11:28:04 PM, you wrote:
>
> CC> If my dotted gray line breaks that is the next target. In
addition to the pitchfork lines, it is also a log scale 78% retrace.
Fits nicely for a really big w2 or wC.
>
> CC> Regards,
> CC> Chris
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