That was a good chart, Laz. Note the shift that took place around late '94 to '96. I can find a number of VIX highs and lows during that period that didn't coincide with market lows and highs (try 7/94, 4/95, 9/95, and 2/96 for the VIX lows, and 11/94, 6/95, 7/95, and 10/95 for the VIX highs).
I try to make all of my indicators adaptive, so most of them are normalized over some recent time period. You know that I invented Williams%R, don't you? I was playing around with some home-grown indicators one day, comparing them to some standard ones, and lo and behold I found a perfect match between one of mine and one of them. Williams only beat me to that one by a few decades. I'll beat him next time. :-) |
