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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (37028)4/17/2003 1:03:01 AM
From: PuddleGlum  Read Replies (2) of 57110
 
I didn't do so hot in the past couple of weeks

But I remember one very unusual call that you made. You suggested that both the market and the VIX could fall, and that's exactly what happened. And that's exactly the type of behavior that my system doesn't deal with very well.

I was figuring that I might see a sell signal today, but then the market failed to cooperate. We'll try again tomorrow. Sold some calls on a few positions recently, but that's as bearish as I've been (noting that 'bearish' is based on what one does, not what one says).

VIX is dangerously low, but the market lows of March 12 look pretty hard to me. The RKH abandoned baby of 3/12 is significant, along with other similar formations in other composites/indexes.
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