ThinkorSwim TA and More

[desertcynlite]

Duchamp,

The intraday VIX has been known to lag but, more often than not, it is not a lagging indicator IMO.

It takes time to get to know anything well but, I think that is the key to a good system. As you know, I use VIX in my trading system. I also watch the Nasdaq Index. NM only trades the Q's because he is very good at it. That comes from many, many hours of reading it's charts. Eventually, one starts seeing the repeating patterns and set-ups. You don't have to use VIX but, understanding how volatility works in the market is very helpful to me.

VIX should drop soon and then the market will rally but, it is also known to spike at these extreme levels. Right now it is at 27.56. There is a gap above at 32.72 that has never been filled. I'm keeping my eye on it just in case.

Trading on the news is tricky and misleading. How do we know when something has not already been priced into the market? I read the news but, learned a long time ago to just stick with the charts and keep learning to read them better.

Best of luck to you,

Cyn ~

P.S. Bridge, I added your link to the iBox. I also, added Bill Luby's site. I'll keep adding links that people think are great resources. I have lots of them bookmarked on my system and will take a look through them to see what else would be helpful.