AI
Wednesday, April 02, 2003 1:51:50 PM
Here is a short term VIX chart
Found this one on stockcharts. Looks as though the person looks to follow the VIX for the opposite market direction, VIX rising as markets drop and VIX falling as markets rally. Looks as though using the resistance and support levels can give an idea of potential change of direction? Moving below the previous support was a Bullish trend? I am still not good at VIX unless it is at an extreme. Any opinions anyone?
"I use the VIX as a contrarian indicator. (I learned this one from Peter Robinson ) VIX going up= market going down.
2/15 Note the resistance test line in red with the red arrows showing my opinion. If VIX heads down we rally all markets. The key is which EWT are we in?? so Play the reversal and ride the trend.
1/20 VIX following trend and headed back up to test channel line, watch VIx now for signals.
1/7 I am inclined to think the VIX is not yet completed its downward run, another reason I am holding long on the major market indcators.
1/6 The VIX setting the tone, its headed down , which means markets going up! Going long! Watch the VIX for early indicators that this rally is ending!
12/10 No mans zone, but turning over & heading south , which supports markets going?? up! STOCH agrees!"
Found this one on stockcharts. Looks as though the person looks to follow the VIX for the opposite market direction, VIX rising as markets drop and VIX falling as markets rally. Looks as though using the resistance and support levels can give an idea of potential change of direction? Moving below the previous support was a Bullish trend? I am still not good at VIX unless it is at an extreme. Any opinions anyone?
"I use the VIX as a contrarian indicator. (I learned this one from Peter Robinson ) VIX going up= market going down.
2/15 Note the resistance test line in red with the red arrows showing my opinion. If VIX heads down we rally all markets. The key is which EWT are we in?? so Play the reversal and ride the trend.
1/20 VIX following trend and headed back up to test channel line, watch VIx now for signals.
1/7 I am inclined to think the VIX is not yet completed its downward run, another reason I am holding long on the major market indcators.
1/6 The VIX setting the tone, its headed down , which means markets going up! Going long! Watch the VIX for early indicators that this rally is ending!
12/10 No mans zone, but turning over & heading south , which supports markets going?? up! STOCH agrees!"
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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