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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Don Green who wrote (20084)10/5/2017 3:54:50 PM
From: The Ox  Read Replies (2) of 33421
 
Not sure the indicators are going to work well with situations like VIX at this time. Naturally, if some kind of black swan appears, then we'll likely see a major snap back move in VIX and it's trading vehicles.

But with so many lining up to bet against VIX, as clearly shown by your XIV chart, even sideways will grind down those betting for a trend reversal in VIX.

Markets can stay overbought longer than most can get short and have staying power holding their short. Similarly, we've just had a major breakout across the board, with almost everything making new highs. This tends to invite people in, not suggest everyone get out or even go to a stronger hedge.

...and having said all this, we've had the market go straight up for 6 sessions. This is usually when one would expect a pause. Maybe one or 2 more up days then a breather next week?

The strength has been impressive, to this observer!!
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