Pantic, The ASX isnt the trend setter. We are followers.The US...

Pantic,

The ASX isnt the trend setter. We are followers.

The US on the other hand is:

I have read that a good general reversal pattern/indicator would be a 'panic washout in which we see the VIX spike up 10% in a day, the put/call ratio close above one, and the ratio of sell orders to buy orders on the NYSE and Nasdaq reach the 9:1 level'.

This is what has just happened and the now the Dow is up over 2%.

Do you agree with the above?

We might have just had our correction.

Talktome