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
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
Fractal watch
Started by
VolPivots
, Oct 20 2007 01:42 PM
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