Thanks for the clarification, Bert. The short answer is no.
I try not to cast dispersions on the tools that other folks present on the thread and consider important. However, ALA you've asked for my opinion, I'm going to give you a direct answer.
IMHO, the VIX has been a contrary indication for at least several months. Every big bull run in the markets has had at least one (sometimes 2 or 3) fundamental or technical indicators that go rogue and give off erroneous or (at best) misleading signals.
It's only been within the past - hectically busy - month (for example, today I had meetings with two different professional art conservators and my framing specialist) that I've come to that conclusion.
I apologize to you and the thread for not posting or PMing this conclusion sooner than in the present post. But, as always, my heavy schedule so limits my posting time that I usually stick to what looks most important to focus on right now, during each trading day.
I'm always hoping there's going to be a <later> when I can discuss more big picture conceptual issues with Jim Willie, or important tools with you, Jims, or others who I know are very astute in their analysis and trading work. But more often than not, <later> never comes.
Cheers,
Isopatch |
