lvl, bobber, j silent re: VIX
I think that J. Silent has a good point in not misinterpreting the relationship between the VIX and naz movements, and if it was a useful predictor of the next major naz movement in the immediate term, as lvl says
gosh, we will never see prices this low, and the Nov-Dec. rally will be nothing compared to this, etc., and as lvl further says people in mutual funds could simply peg their trading to the VIX instead of having their money managed by a fund.
While I will be keeping an eye on the VIX, and of course everyone's interpretation of its significance, personally I think I'll be relying on other indicators to time my trades.
BTW lvl, I mistakenly thought that the closing message to Raging Bull was yours, when it was instead written by lakeoffice. Sorry about the mistake, but I hope you made as much as he did anyway! |
