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VIX and the Grand Illusion of the 200ma


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#1 dTraderB

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Posted 03 April 2018 - 01:47 PM

VIX is not shooting up.... wondered why?  
One reason is the newbies think the markets will always bounce off the 200ma,

just as they think markets rise when oversold and fall when overbought or the MACD is

miraculous indicator... if you catch the drift. 



#2 redfoliage2

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Posted 03 April 2018 - 02:09 PM

ISEE is over 100 so VIX was unable to go higher.



#3 OEXCHAOS

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    Mark S. Young

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Posted 03 April 2018 - 06:21 PM

The Options Oscillator is giving a Sell and a repeat Sell. Tomorrow should pull back. Maybe. I think. ;)

 

M


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#4 Venatici

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Posted 04 April 2018 - 01:44 AM

The Options Oscillator is giving a Sell and a repeat Sell. Tomorrow should pull back. Maybe. I think. wink.png

 

M

 

Hello Mark,

 

Searched the forum for Options Oscillator, but could not find a post that explains in detail what does it entail.

Could you forward me a link?

Thank you for your time,



#5 dTraderB

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Posted 04 April 2018 - 05:55 AM

Great Call, Mr Young!

 

Got to take a second look at your systems!



#6 OEXCHAOS

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    Mark S. Young

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Posted 04 April 2018 - 08:02 AM

The Wall Street Sentiment Options Oscillator measures excessive shifts in options buyers' sentiment to generate Buy and Sell signals. We only look at opening long options transactions because this will exclude market maker and firm trades and give us a better idea of actual investor sentiment. Market maker and firm activities in the market often create "noise" in the data which can mask how traders and investors are really deploying money in options. We also look beyond "excessive" put or call buying and seek out more dramatic shifts in exposure, as these will, in our view, more likely represent uneconomic or emotionally-driven investment decisions.

OptionsOscil04-04-18.gif


Mark S Young
Wall Street Sentiment
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#7 OEXCHAOS

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    Mark S. Young

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Posted 04 April 2018 - 08:09 AM

Great Call, Mr Young!

 

Got to take a second look at your systems!

 

Thanks. The OO is a good tool. It has to be contexualized and I like to use other measures to trim risk if I'm trading off it.

 

M


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter