Hi Barbara,
Okay, here we go...
Taking today's price as a reference, tomorrow should be flat to up, The week should be down from last Friday (remember I use Barron's info on weekends), Two weeks should be up from here, 2 months should be up from here and 6 months should be down from here.
The only problem is the week call is from Friday to Friday... maybe I should indicate THAT?
I use my ProFormer series with the A/D and H/L info... and that gives me confirmation of longer term moves. So far, I haven't found ANYTHING to beat the VIX for forecasting short moves. I may be the only one using it the way I do but believe me, IT WORKS!!!!
Again, you are using those emotionally loaded terms like bullish and bearish and you put yourself in a compartment where you begin to think like your label... DON'T EVER BE BULLISH and DON'T EVER BE BEARISH... just think in terms of where you THINK you see the market going... it tells me and it tells YOU also, I think. VIX is saying we have another 2 - 5% by either next Wednesday or the Dec 13th, if we don't get a sell next week. But I think we will get one for then.
Clear as mud?
Regards,
Bill |
