Jump to content



Photo

why I'm bullish


  • Please log in to reply
16 replies to this topic

#11 gm_general

gm_general

    Member

  • TT Member+
  • 1,642 posts

Posted 08 November 2022 - 11:00 AM

 

I looked at VIX RSI it is the lowest in at least 5 years, FWIW.

I would expect that in a more persistent up trend. I'm thinking that the VIX is now a smart money indicator.

 

 

 

Last time it was close to this low was Mar 29 at RSI of 32.69, almost exactly the local market top. I expect an up swing at some point but they are having trouble today moving VIX lower so if it goes up what happens?


Edited by gm_general, 08 November 2022 - 11:01 AM.


#12 12SPX

12SPX

    Member

  • Traders-Talk User
  • 9,398 posts

Posted 08 November 2022 - 11:10 AM

It's moving a lot on its own lately as I follow option prices closely and there has been a huge discrepancy between the Vix and actual option prices all year!! 



#13 linrom1

linrom1

    Member

  • Traders-Talk User
  • 3,159 posts

Posted 08 November 2022 - 11:11 AM

What a chitshow this market is. Why is all this crap rallying into global recession? I bet this is the rally to GTFO. AMNZ is at $91 going into Xmas season.....you don't need a weather to tell which way the wind is blowing.


Edited by linrom1, 08 November 2022 - 11:13 AM.


#14 andr99

andr99

    Member

  • Traders-Talk User
  • 6,814 posts

Posted 08 November 2022 - 12:17 PM

the story is always the same, repeated infinite times......they make a stressing job conditioning people the most they can that the market is on the verge of collapse and then they start pushing in the opposite direction  


forever and only a V-E-N-E-T-K-E-N - langbard


#15 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 21,493 posts

Posted 08 November 2022 - 01:15 PM

 

 

I looked at VIX RSI it is the lowest in at least 5 years, FWIW.

I would expect that in a more persistent up trend. I'm thinking that the VIX is now a smart money indicator.

 

 

 

Last time it was close to this low was Mar 29 at RSI of 32.69, almost exactly the local market top. I expect an up swing at some point but they are having trouble today moving VIX lower so if it goes up what happens?

 

It's probably a ST sell.

 

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


#16 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,885 posts

Posted 09 November 2022 - 02:29 PM

Market rallies a few days until final week of November. A reversal down requires many more late LONGS into the market, more bullishness. Not there as yet. 
 

But, GEOPOLITICAL EVENT(S) can negate all TA, FA etc



#17 andr99

andr99

    Member

  • Traders-Talk User
  • 6,814 posts

Posted 09 November 2022 - 04:43 PM

Market rallies a few days until final week of November. A reversal down requires many more late LONGS into the market, more bullishness. Not there as yet. 
 

But, GEOPOLITICAL EVENT(S) can negate all TA, FA etc

 

infact I'm planning to close my longs by then. But I don' t think the bear will be resumed. Just a correction, because to me the bear is over 


forever and only a V-E-N-E-T-K-E-N - langbard