naz
#1
Posted 16 June 2007 - 06:02 AM
#2
Posted 16 June 2007 - 07:41 AM
http://stockcharts.com/c-sc/sc?s=$VXN&p=D&yr=0&mn=4&dy=0&i=p81682615489&r=7724.png
http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=4&dy=0&i=p81682615489&r=8595.png
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Posted 16 June 2007 - 08:46 AM
#4
Posted 16 June 2007 - 08:59 AM
post expiration adjustments are the norm and a pavlovian instinct is to be hedged or short on opex close..however being prepared for upside surprises in this MOAB.s is something i have a habit of doing....cuz i believe that in this once in a lifetime move i wont getta second chance...........i feel for those perma bears that have painted themselves into a corner.......the only thing that will extricate them is the epicenter of primary wave 3.........i patiently await that inevitable joyous moment.......SNORT
If you saw my to da moon NYSE chart I posted a couple of days ago you can see that I am not long term bearish, but these short term indicators are looking like we need a little more down from here, especially the vxn and vix.
It also looks like a low into July is possible in line with Airedales's 4.5 year cycle work. Nonetheless I am impressed with your clx post showing how fast it has turned up this time.
Edited by Russ, 16 June 2007 - 09:01 AM.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#5
Posted 16 June 2007 - 12:08 PM
#6
Posted 16 June 2007 - 12:20 PM
to much attention is directed at the vix.....the vix is useless asa timing tool....at least to me....the vix and stochastics to me are tools the boyz use in messing with peeples minds......snort
I agree, VIX is a useless timing tool. VIX is a lagging indicator and does not tell anything about what the price is gonna do. It just follows the price. The only utility of VIX is when it reaches upside extremes to spot bottoms. The other utility is when the VIX is coiled in a tight range, it a warning of increased volatility to come.
#7
Posted 16 June 2007 - 01:53 PM
thats a fact...jack......to much attention is directed at the vix.....the vix is useless asa timing tool....at least to me....the vix and stochastics to me are tools the boyz use in messing with peeples minds......snort
I agree, VIX is a useless timing tool. VIX is a lagging indicator and does not tell anything about what the price is gonna do. It just follows the price. The only utility of VIX is when it reaches upside extremes to spot bottoms. The other utility is when the VIX is coiled in a tight range, it a warning of increased volatility to come.
#8
Posted 16 June 2007 - 02:58 PM
I agree, VIX is a useless timing tool. VIX is a lagging indicator and does not tell anything about what the price is gonna do. It just follows the price. The only utility of VIX is when it reaches upside extremes to spot bottoms.
I beg to differ, in fact I stated on this board that I thought market was going up more partly based on looking at vix, it had broken below its middle bb and looked like its momentum would follow through. There is a trader out there in cyber-space somewhere called Vixman that relies heavily on the vix for his decisions.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=4&dy=0&i=p30402350393&r=4287.png
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#9
Posted 16 June 2007 - 03:18 PM
http://stockcharts.com/c-sc/sc?s=$VIX&p=W&b=5&g=0&i=p62700117517&r=1321.png
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/