LG,
thanks again for the WOW charts, specifically the COMPX.
Is it possible to show an expanded time frame on that chart? Something like a 3 year or 5 year read?
I'm interested in seeing how the pattern of increased down volume and index direction correlates to the rising 90 trading channel.
Interestingly enough the 1 year VIX chart shown here is registering very similiar levels to those shown during the early april and mid to late may corrections of this year...
1 YEAR VIX
stockcharts.com[L,A]DACLYYMY[DD][PA36.38!A35!F][VC60][I]
1 YEAR COMPX
stockcharts.com[L,A]DACLYYMY[DD][PB50!B200!D20,2!F][VC60][IUB14!LA12,26,9!LF!LH5,5!LI5,5!LG!LC20]
CBOE Market Stats for October 18, 2000
Put/Call Ratio: 1.01
VIX OPENING VALUE: 35.95
VIX HIGH VALUE : 36.74
VIX LOW VALUE : 31.42
VIX CLOSING VALUE: 32.50
* 1998 october low CBOE Equity only P/C ratio = 1.0786
3 YEAR $CPC
stockcharts.com[W,A]DALANYMY[DF][PA.50][VC60][I]
To All: Notice however the Chaikin Money flows on the COMPX and how they differ between May of this year and now, and also how much more heavily the index seems to be under distribution this time around.
I have noticed very little mention on the threads of the fact that the COMPX has experienced 5 DAYS of distribution including today (down days on increased volume from the previous session) in little more than TWO weeks.
1 MONTH COMPX
stockcharts.com[L,A]DACLYIMY[DA][PB50!B200!D20,2!F][VC60][IUB14!LA12,26,9!LF!LH5,5!LI5,5!LG!LC20]
As you stated earlier, todays lower low shows the possibility that the downtrend is still intact, and the warning signals of blatant distribution leaves me inclined to lean towards the distinct possibility of more downside action.
Thanks again for the charts.
Regards,
John M. |
