3 replies to this topic

[NAV]

Bull markets are boring. Wave 3s are great sedatives. If i ain't seen nuttin yet, i wonder what VIX at 5 would be like :yawn: :yawn:

[NAV]

WOW, that was one tortorous session. My stop on YM at 13351 escaped by a tick

[danzman]

Bull markets are boring. Wave 3s are great sedatives. If i ain't seen nuttin yet, i wonder what VIX at 5 would be like :yawn: :yawn:

VIX 5...well that would be very similar to seeing only an average of .5% varience between the high and low on S&P. Very good to your MAR or whatever pain/gain ratio you use if you're a bull (which I continue to be of course)...but your gain would probably not be as much. As volatility falls, you have to buy more contracts to make the same profits...which is a more likely explanation of why all those stops got hit a few months ago.



10 months of just buying has been fun indeed...one of the longest signals I've had in several years. The pain I've experienced during that time has been very minimal. One of the lowest draw downs I've ever had. I'll signal to this forum when it's time to flip the other way. I have no idea when that will be...I just react to what I see. No need to look at the news...just observe the money flow.



D

[slatedrake]

Thanks for the update danzman