So how would you interpret these? It looks to me that we're at the top of some of the channels, further price erosion to come. Unless of course prices bounce off the fib. fan which might be possible it looks like. Probably tomorrow will tell. Good job, hopefully we'll still hit your prediction of 10K in May. -troll
I personally expect the Vix to run back up to 71.92. This rally is doomed in my opinion. http://www.rsksys.com/Rally2009.htm
Any updates? Looking less and less likely. But who knows, perhaps some more graphs will convince us? Sure am interested. -troll
Hi codetroll, Well it seems to be achieved the minimal objective in the first step at the resistance drawed. The next step depends at what Fibonacci level get the next support, the 38,2 or 61,8% And the same objective appears, probably at the end of the year. Salut