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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (5366)8/15/2002 11:00:16 PM
From: the-phoenix  Respond to of 11288
 
Another indicator that I have posted a number of times in the past is the VIX buy/sell signals based on Bollinger Bands. When the Bands are in "normal" ranges and moving sideways, touches of the bands tend to give very reliable buy/sell signals.

While the bands are pretty stretched right now, due to the extreme readings over the past month, we do appear to have a Sell Signal tonight:

stockcharts.com[l,a]dacannay[dc][pd20,1.75]&pref=G

(Note the last Buy signal on the 3rd trading day of August. That was the day of THE bottom on the NDX.)