JRI:
The method long pre-existed the 20 year backtesting effort that my friends did several years ago, as I've said twice now before. It's not new, it's not debatable, arguable or even subject to dangerous conclusions. It is what it is, as it has been for longer than either of us have known the market. It is no different that any other trading/timing methodologies, provided the user doesn't drag around a bunch of news, opinion or subjective baggage. It's quite objective, if you let it be so. Not perfect, but quite good.
As I see it, there's nothing to have a pissing match over since you've never tested the method, haven't yet bothered to learn it or practice it. Within that method, the VIX and all other sentiment indicators are only of value in intermediate term time frames. It seems most on this thread who have followed the VIX find it most useful in that time frame. As best I can understand your view, you believe it to be of some value over the short run. That's fine. Maybe one day you can share the data with us in how the VIX behaves differently in this move than it has historically.
So, let's just leave it at that, unless you have some real interest in learning the framework I pm'd you. |
