Hi nspolar,
Sorry that I didn't get back to you sooner...
I will not comment on the OEX 'cause I don't know enough about it. Maybe Frank, Iso or russwinter can comment.
In regards to VIX, I have some opinions that I would like to share with you. Before I do, however, please note that I think that we are in a secular bear & the recent rally off the lows in September is nothing but a full, blown bear market rally that swings hard enough to suck in both bears & bulls, only to spit 'dem bones out later. FWIW only VIX daily chart
stockcharts.com[w,a]daclyyay[dd][pb50!b200!c5!c21!c100!i!h.02,.20!f][vc60][iub14!la12,26,9!lp14,3,3!ll14!lc20!lg30!lh39,1]
The first thing that strikes me in observing this chart is the negative divergence of the full stochastics from today & mid-November. (Added credence since ADX is below 20)
Everytime a hammer was realized the VIX promptly reverted & one heck of a mess was created in the broader indices.
Just my humble opinion but I think last January is a much closer approximation of where we are at chart wise then any other period.
What do u think?
Regards,
Peter |
