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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: byhiselo who wrote (126673)	12/4/2005 3:15:05 AM
From: Win-Lose-Draw	Respond to of 209892

I don't know and I don't care. I have significant exposure either way, my only concern is that the market go somewhere. For years now, everything I do in the markets has keyed off of VIX in particular, and volatility in general. If I absolutely had to pick a direction for the broad US indices, I would pick upwards, not only prices but also volatility. This is based on the simple observation that since '02 volitility has traced out a pattern very much like that from '90-'94. If the pattern holds, a very powerful move is either starting now or should start next summer/fall. There is also the small historical fact that every instance of VIX around single digits over the past 100 years (using a proxy for pre-options days) has occured at a major bottom/base. Every single one. But the market is what it is, there's always a first time for everything. Hope you got a better understanding of VIX out of our discussion, (sincerely) best of luck with your positions. May we all profit! :)