VIX
Friday, February 27, 2009
No panic, no fear... With out fear, we don't have any sell off, but also, we don't have any trustful rally. So, keep in mind that we need a true sell off to end this Wave A.
No panic, no fear... With out fear, we don't have any sell off, but also, we don't have any trustful rally. So, keep in mind that we need a true sell off to end this Wave A.
When the double top will activated i think the final target will be 3600 points.
I truly belive that this sub wave iii of v will be extended so my target for this final v is more bearish (below 700 points).
"It's a bird? It's a plane? Ohhhh no its a super bullfighter!"
"Yes baby, it's time to give you some spits."
Finally the wave iv ended :). It would be nice see VIX above the MA50 to have some panic in the markets. No panic no capitulation.
Possible targets for end this wave v of iii of v:
SPX - 700-720 points
DAX - 3500-3600 points
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