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Monday, August 18, 2003 12:35:04 PM
VIX Alert - Below 20 but needs to fall below 19.17 to be 10% below the 10 day simple moving average:
Along with a number of other alarming indicators including a 5 day TRIN below 0.85 and the put to call ratio closing below 0.50 on Friday we now have the VIX actually hitting new lows today. Most of the charts that I am running indicate that this rally could extend as far as Thursday of this week if it does not take on extreme rally status on low volume.
One thing to look for here would be a VIX print below 19.17. That would be at this point stretched more than 10% from the 10 day moving average and just one more indication that this rally has come too far too fast with far too little fear from those who remain steadfastly bullish.
JMHO, and I am open to other interpretations.
RtS
Along with a number of other alarming indicators including a 5 day TRIN below 0.85 and the put to call ratio closing below 0.50 on Friday we now have the VIX actually hitting new lows today. Most of the charts that I am running indicate that this rally could extend as far as Thursday of this week if it does not take on extreme rally status on low volume.
One thing to look for here would be a VIX print below 19.17. That would be at this point stretched more than 10% from the 10 day moving average and just one more indication that this rally has come too far too fast with far too little fear from those who remain steadfastly bullish.
JMHO, and I am open to other interpretations.
RtS
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