Posted 13 August 2017 - 06:31 PM
WALL ST FEAR GAUGE SURGE...
"On Thursday, the VIX surged 44 percent from its historically low levels to close the day at 16.04, its highest close since Election Day in November."
I'm thinking that McClellan's VIX Correlation proved to be a good early warning...last week.
Now it's back in line with "normal".
Very interesting chart. Anything potentially able to call tops is well worth further study. To say nothing about the correlations along those swing bottoms.
Thanks for the post.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."