John - re: VIX
Nice idea to pull up some charts on stockcharts.
Had tried a bunch of indicators on the VIX, finally used the CCI. Seem to give pretty close signals to the OEX.
Here is my setup stockcharts.com[W,A]DACLYYMY[DE][PD20,2][VC60][ILD20!LO20]
The longer the CCI stay above 100, the more reliable signal of a temporary top, the longer... below -100...temporary bottom.
Summary: as we remain below -100, analyse based on the VIX only, this would indicate that we are in the midst of a rally, somewhat confirming Aug 03 as a one day reversal.
It would also confirm early Jun as a start of a major uptrend as the CCI only peaked above 100 for one day or two at the end of Jul.
StochRSI confirms the readings (althouh giving more intermediate signals).
Suggesting that the volatility is still weakening (until Labour Day ?)
Geeez...work at the shop for the week-end, have to reasses all current positions.
Repeating: current post based on the interpretation of the VIX only, further DD needed as to analyze of the market.
lvlamb |
