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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (25391)	10/4/2011 9:43:17 PM
From: GROUND ZERO™	Respond to of 218722

You present an interesting argument, and you may be very right... but, just for the sake of discussion, I'll go out on a limb here and say the downward correction is over as of today...<g> GZ

To: yard_man who wrote (25391)	10/5/2011 12:40:15 AM
From: Lazarus	1 Recommendation Read Replies (1) \| Respond to of 218722

well - i stand by my call. and --- perhaps i shot from the hip --- because i dont see what you see. my apologies for being obtuse. i still see no correlation between the VIX and the "old high". for the sake of helping someone as dense as me..... could you please define: "old high" on the VIX with respect to the break so we can all understand what you're saying. maybe you can use the 2010 drop to explain and give some corresponding data to support your claim. in the chart below the bar graph is the $SPX and the purple line is the VIX on the 2010 drop i see 4 major spikes in the VIX the last two highs are approx = with the last one being the market bottom in the current drop if you take the highest four peaks in the VIX today's peak is higher than the former 3 if what you're saying has technical merit we will all benefit. i dont need to know how good of trader you are or what your positions are --- i just want to know WHAT MAKES YOU GOOD AND KEEPS YOU IN THE GAME. let's be REAL CLEAR HERE ------> you have stated that we are in a generational bear market...so you need to know that your interpretation of what you see is filtered through your prejudice. I DONT HAVE ANY SUCH BELIEFS. I DO KNOW THE MARKET GOES UP AND DOWN AND DEEP DROPS ARE BEARISH AND STRONG UPWARD ASCENT IS BULLISH. I do know what the market does over time - it does this: i just want to be on the right side of the trade as often as possible and let the market do the heavy lifting and hard hammering.