Rick
VIX going up?
Started by
oextrader
, Feb 23 2008 05:35 PM
10 replies to this topic
#1
oextrader
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Posted 23 February 2008 - 05:35 PM
Here we go, the week should start off interesting with intraday RSI quickly becoming overbought due to the bounce we got. Notice the Russell still finished down. I am still expecting the break to be to the downside, but we can not ignore the possibility that there may be some news out there that is capable of starting a 50% retrace to the 660 level. I do no think that will start for another two weeks if it is to happen. PSI may need to go to an oversold state before a good rally starts. We may be close to getting a move up in the VIX from here now.
Rick
Rick
#2
Jnavin
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Posted 23 February 2008 - 05:43 PM
You're right and there was very little notice on Friday afternoon of the Russell's negative close.
#3
Rogerdodger
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Posted 23 February 2008 - 06:02 PM
It's going down for now.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=2000-01-01&i=p14964948983&a=42930244&r=5630.png
I like to watch the direction of the VIX:SPX ratios' 20 ema. It's also headed down which is bullish.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p89286421387&a=27927380&r=2335.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=2000-01-01&i=p14964948983&a=42930244&r=5630.png
I like to watch the direction of the VIX:SPX ratios' 20 ema. It's also headed down which is bullish.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p89286421387&a=27927380&r=2335.png
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#4
Jnavin
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Posted 23 February 2008 - 06:13 PM
You may be right, Roger, but I'm struck by the sudden blast upwards in INDU and SPX late Friday but with no corresponding dump on the VIX chart. It's odd.
#5
mss
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I'M WATCHING
Posted 23 February 2008 - 06:23 PM
You fellows might wont to take a look at the charts I posted on the SWING WAVES BOARD as to what might be suggested by VXO.
Let me be very clear about the size reduction of charts, it takes away some of the detail and distorts the patterns to some degree.
This no joking matter.
mss
Edited by mss, 23 February 2008 - 06:24 PM.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#6
eminimee
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Posted 23 February 2008 - 06:38 PM
#7
oextrader
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Posted 23 February 2008 - 06:45 PM
You may be right, Roger, but I'm struck by the sudden blast upwards in INDU and SPX late Friday but with no corresponding dump on the VIX chart. It's odd.
Ditto on the chart complaint, but I think they may be doing it to save on bandwidth as google may not pay enough to make it worthwhile for a good site like this at this point.
Rick
#8
thespookyone
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Posted 23 February 2008 - 06:50 PM
MSS=Nice work! THX much.
Rick-Have truly enjoyed your work latelty as well, THX!
#9
Jnavin
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Posted 23 February 2008 - 06:56 PM
Tea, I would have expected VXO to drop to the dotted line. My question would be: why didn't it?
Edited by Jnavin, 23 February 2008 - 06:57 PM.
#10
eminimee
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I don't care who's fur is flying...
Posted 23 February 2008 - 08:45 PM
Tea, I would have expected VXO to drop to the dotted line. My question would be: why didn't it?
How would I know why it didn't? .....and why would you expect it to drop further? What difference does it make and what point are you trying to make?
ES rose .0226% and VXO dropped .0515% for the move............why would you expect it to drop further?
Edited by Teaparty, 23 February 2008 - 08:48 PM.
