Hi Warp,
I've been a busy boy, trading dial up for broadband, then setting up the home LAN. Funny thing, it costs me exactly zero to go from dial up to broad band, since I get to cancel the 2nd phone line ($21) and the ISP ($22).
I had a conversation with my tummy this morning and it tells me the VIX is getting ready to spike. Tummy is a good indicator, I think.
One great thing about have 2 or 3 screens running at one time is it's easier to put important things up and think about them. The VTO report is particularly useful for scrolling through some broad market sentiments. Bullish vs bearish is on a plunge very similar to the one that took us to the July lows, but it's starting from a lower starting point. Will it take out its low and go lower? How bearish can we get?
Also in the VTO report, let's look at the COT numbers, in graphic form.
vtoreport.com
Supposedly the most sophisticated of these 3 groups is the commercial hedger group, followed by the large traders and then the small traders. It's interesting to see how differently they view the market. In Oct 01, for example, the commercial hedgers were very bullish and both sets of traders were extremely bearish on the Dow. It paid to be bullish then, I think. Now the commercials are getting bullish again, while the 2 traders are getting bearish.
Kb |
