AI
Thursday, October 23, 2008 7:11:42 PM
My VIX analysis FWIW
The Bad News: Ascending Triangle like pattern on VIX implies high of about 90 IMO! Not good means another big fall coming IMO.
The Good News: Elliot wave analysis IMO says this projected move to about 90 would be wave 5 of the current cycle which is the final wave of the 5 wave Elliot cycle. After that IMO there would be an ABC type correction back down on the VIX and presumably a meaningful low on the market indexes( which go lower as the VIX goes higher and vice versa) and some sort of rally attempt. All IMO and what do I know.
The Bad News: Ascending Triangle like pattern on VIX implies high of about 90 IMO! Not good means another big fall coming IMO.
The Good News: Elliot wave analysis IMO says this projected move to about 90 would be wave 5 of the current cycle which is the final wave of the 5 wave Elliot cycle. After that IMO there would be an ABC type correction back down on the VIX and presumably a meaningful low on the market indexes( which go lower as the VIX goes higher and vice versa) and some sort of rally attempt. All IMO and what do I know.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
