$VIX - gave up almost 8 1/2% today. Check this - On the daily, this index (which deserves no respect -g) has pretty tight BB's:
stockcharts.com[p,a]daclyyay[d40][pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lyb20,2.0]&pref=G
Now, on the hourly those BB's just widened:
stockcharts.com[p,a]eaclyyay[d40][pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lyb20,2.0]&pref=G
I think this is a potentially interesting volatility setup. If the hourlies will spend some time consolidating, that may bring the daily BB's rather extremely close together. Will be interesting to watch next week... may even help with plays. |