Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (46596)	8/21/2003 8:23:09 AM
From: gypsees	Read Replies (2) \| Respond to of 57110

<The fact that you need for something to work doesn't mean it does. How true. The key I think is not to "need" it to work too badly. I had had the impression VIX works. Maybe it used to. But if it's permanently stuck below 25, what good is it? I have not been a long time watcher of the vix and I need a lot more time before I feel confident using it but... The descending triangle it's been hammering out for the last few months has been, from my limited perspective, bearish for the vix and therefore bullish for equities. I don't think the vix being low is a good enough reason to expect the market to pullback. Overbought can become more overbought. But!.... If it ever finishes that triangle pattern.. I think that may be the ticket ;o) The only question now is.. how to recognize that the pattern has been completed? I don't know yet. I'm still taking it day by day and watching. It isn't much help this time around, but hopefully next time it will be some use. I don't think I'd ever use it to make trading decisions. More of a market sentiment type thingie<g> The fact that you need for something to work doesn't mean it does. Sadly, I don't think anything at all works all the time;o(.. If it did, we'd all be rich and out on the beach with our margaritas instead of behind these pesky computers! But if you find the secret, be sure to share...<g>