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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169306)	3/9/2021 2:54:38 AM
From: sense	Respond to of 217764

Have heard from three different people today with three different views of the VIX... One of the reasons I've been zooming in on it myself... not just as the VIX but other volatility indexes... is others conflicting interpretations. Biggest error in most... is thinking prior history in patterns matters more than reading tea leaves in what's on the far right side of the chart in the most recent couple of ticks... Comparing the index to the trade, in charts of $VIX and UVXY I find useful... the trade with leverage suppressed relative to the index... for now... But in monitoring the daily moves in $VIX recently, I see it is mostly an exercise in nuance.... I called the last move higher... without using the charts. Watching them now... that move is huge on the charts... relative to the minor inflections dominating them now. So, of course, any more issues in the dropping of lug nuts, or engines falling apart and shedding throwing knives here and there endangering the passengers in the economy, on any given day, will probably have more influence on what happens tomorrow than the chart watchers ouija boards. I can't see in the charts... what stupid thing the Fed Chairman might say tomorrow... For tomorrow... minor conflicts up or down... but nothing pointing to any major moves... my guess on $VIX would be a red candle tomorrow... and the next... with a wider range than it traded today... maybe ending higher... but trending lower... The VIX seems to like the Commodity Channel Index as a useful distillation of ADX +DI - DI for those challenged in reading it... but ADX shows the ADX indicator line rising gently... accelerating a tiny bit... but the green line and red line are both pointing lower... so accelerating lower... just not very much... while the green line remains on top... so an upward bias... still requiring the line to turn up to move the price up... The ouija board doesn't seem well positioned to contribute value just now... so, maybe switch to the magic 8 ball ? How do we get an ongoing downtrend... in everything... with less and less volatility ? Someone has tipped the charts to the right... for now... while quieting the noise. Probably the same people who made market magic happen to conjure up buying in the 10 year.