xjo weekend zoomba lounge, page-94

excellent analysis as always volt....

perhaps the key to the support from the
bollinger bands is 'time'....

a little while ago we argued on 'dynamic
shorter cycles' and i suggested we are running
a shorter 9 year cycle (around 7 -8 years) with
march 09 being a significant low...

if i am to be believed then there is still more
'time' to ellapse before major index's break
below the middle BB and start to test the lower BB...

below is an old chart with reference to shorter cycles
on a major index and an inverse correlation longer cycle
on the vix with plenty of 'time' to still playout...