Replies to post #4515 on MDA - Market Direction Analysis (MDA)

[John R. Haley]

Augie, I see if fine now. It may have been due to Stockcharts problems this morning.

I can't argue much with your VIX chart. I would probably call your D an X and then your E would start another ABC which should terminate at the bottom of the wedge and then start another impulse 1-5 up.

However, I have been charting VIX on semi-log and it has a different look and I came to a different wave numbering. I have the last three weeks as wave 1. Just goes to show that it all depends on how you look at it. Both charts point to the same expectation for the next few weeks.

In my chart below, I sketch out the corrective waves in orange and the impulse wave in light blue. I find it quicker than putting all those letters and numbers on the chart.





Best to all,

JRH