Mark any thoughts pls?
Started by
nicolasillo
, Aug 02 2007 06:33 PM
2 replies to this topic
#1
nicolasillo
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Posted 02 August 2007 - 06:33 PM
I am looking at the relative VIX chart and I am wondering if the signal of a bottom that gave last friday is the end for at least the very short term. We have to take into account that the VIX is not going to return to the low level we have experienced before February 2007 as it s been on a rising trend. So I was thinking that when Relative VIX is above 1.4-1.5 is a buy signal may not work this period. Any thoughts? Thanks
#2
OEXCHAOS
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Mark S. Young
Posted 03 August 2007 - 06:49 AM
I'd say that we have to go with what we know about the Relative VIX.
High readings often (almost always) mark turns. That said, there are usually instances of tests of the lows after a period of rally.
http://www.traders-t...showtopic=54148
See what history shows. I'm thinking that we test or even take out the lows.
We might also have something like 2004, except at a higher level. I.e. three spikes, and three lower lows. That would make a final low in October...
Mark
High readings often (almost always) mark turns. That said, there are usually instances of tests of the lows after a period of rally.
http://www.traders-t...showtopic=54148
See what history shows. I'm thinking that we test or even take out the lows.
We might also have something like 2004, except at a higher level. I.e. three spikes, and three lower lows. That would make a final low in October...
Mark
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#3
nicolasillo
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Posted 03 August 2007 - 07:00 AM
[quote name='OEXCHAOS' date='Aug 3 2007, 11:49 AM' post='304288']
I'd say that we have to go with what we know about the Relative VIX.
High readings often (almost always) mark turns. That said, there are usually instances of tests of the lows after a period of rally.
http://www.traders-t...showtopic=54148
See what history shows. I'm thinking that we test or even take out the lows.
We might also have something like 2004, except at a higher level. I.e. three spikes, and three lower lows. That would make a final low in October...
Mark
[/quote
Many Thanks!
I'd say that we have to go with what we know about the Relative VIX.
High readings often (almost always) mark turns. That said, there are usually instances of tests of the lows after a period of rally.
http://www.traders-t...showtopic=54148
See what history shows. I'm thinking that we test or even take out the lows.
We might also have something like 2004, except at a higher level. I.e. three spikes, and three lower lows. That would make a final low in October...
Mark
[/quote
Many Thanks!
