Do you think that the VIX hits the bottom of this channel?
stockcharts.com[r,a]dhclynay[de][pb50!b200][iub14!lp14,3,3!la12,26,9!ll14!lk14][J11807313,Y]&pref=G&listNum=4
and if so, might it be time to load up in these:
stockcharts.com[r,a]dhclyyay[d20020419,20030419][pb50!b200][vc60][iUb14!La12,26,9!Lp14,3,3!Lk14][J11807280,Y]&pref=G
stockcharts.com[r,a]dhclyyay[d20020418,20030418][pb50!b200][vc60][iub14!la12,26,9!lp14,3,3!lk14][J11807278,Y]&pref=G
Per your comment the other day, the banks look safer to go after right now:
stockcharts.com[e,a]dhclyyay[d20020414,20030414][pb50!b200][vc60][iub14!la12,26,9!lk14][J11582948,Y]&listNum=3
The HUI is interesting, but the buck chart and gold charts are not convincing just yet. Gold stocks did take off ahead of gold in December/January...:
stockcharts.com[e,a]dhclyyay[pb50!b200][vc60][iub14!la12,26,9!lk14][j11582951,y]&listNum=3
buck weekly:
stockcharts.com[r,a]whclyyay[pb50!b200][vc60][iub14!la12,26,9!lp14,3,3][j11437996,y]&listNum=4
Gold:
stockcharts.com[r,a]dhclyyay[pb50!b200][vc60][iub14!la12,26,9!lk14][J11438001,Y]&pref=G
the VXN seems to me mirroring the 1999 low in the P/C ration that you pointed out:
stockcharts.com[r,a]dhclynay[d19990419,20030419][pb50!b200][iub14!lp14,3,3!la12,26,9!ll14!lk14][j11807314,y]&listNum=4
the russell 2000 and SOX both broke north last week, as we know...
How are you arriving at 350 for the SOX?
stockcharts.com[e,a]dhclyyay[d20010414,20030420][pb50!b200][vc60][iub14!la12,26,9!lk14][j11448060,y]&listNum=3
To summarize, I do not have a clue about where to go right now. The SOX long and short the banks seems like the best 1 day and 5 day bets. |