Yup kalinm, was actually trying to post a VIX chart. The VIX is
currently below its lower BB on the daily chart, and has also
perfectly retested the broken trendline. If it closes down here
today and pulls back inside the BBs tomorrow, that would give a
strong sell signal ofr the market, not so?
Yes, Vix catching a bid back inside lower bb could signal a
pullback, but typically speaking, you would want another price
surge to test highs (or make new highs), while $vix refuses to make
new lows. That usually signals a more lasting top in stocks. I kind
of expect the rest of the week to be sloppy price action between
1372 and 1388-1391. So maybe pullback in stocks, Vix surge, then
surge to 1390 area while Vix stays off lows?
Yup kalinm, was actually trying
Vix outside lower bb
Posted by isplat on 19th of Nov 2012 at 01:07 pm
Yup kalinm, was actually trying to post a VIX chart. The VIX is currently below its lower BB on the daily chart, and has also perfectly retested the broken trendline. If it closes down here today and pulls back inside the BBs tomorrow, that would give a strong sell signal ofr the market, not so?
Yes, Vix catching a bid
Posted by kalinm on 19th of Nov 2012 at 02:25 pm
Yes, Vix catching a bid back inside lower bb could signal a pullback, but typically speaking, you would want another price surge to test highs (or make new highs), while $vix refuses to make new lows. That usually signals a more lasting top in stocks. I kind of expect the rest of the week to be sloppy price action between 1372 and 1388-1391. So maybe pullback in stocks, Vix surge, then surge to 1390 area while Vix stays off lows?
CAT - question
Posted by rose123 on 19th of Nov 2012 at 01:42 pm