exp, find an instance on this chart where the VIX weekly has pierced the lower BB, reversed, closed above it, and hit the lower BB area again without first hitting the upper Bollinger Band.
stockcharts.com[w,a]waclynay[d19980829,20021129][pd20,2!c20!d20,2!f][iLh5,5!Li10,10!Lp14,3,3]&pref=G
I'll give you a hint....it happened only once in April 2002, and that was a 1-week spike up and down to the middle BB during options expiration.
In other words, what you are suggesting (a rally in January to higher highs) has not happened in the past 3-years when the lower BB has been pierced on the VIX.
It could happen in a bull market, however. In the bear, it seems unlikely. |
