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Fractal watch


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#1 VolPivots

VolPivots

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  • Chartist
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Posted 20 October 2007 - 01:42 PM

think a lot were caught by surprise by this week's action.....the pattern/setup certainly was present. And this ain't no hindsight analysis :P
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While I was looking for a low around the current timeframe, the VIX breakout suggests prudency is the best policy near-term. And if fractal plays out, should see several sizeable whipsaws before the GS/FOMC sponsored squeeze later this month.....but 1st we gotta see psychological 1500 (also the 50% retrace of the non-stop run NOISE price action) fail to hold
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