The VIX drops and stocks go up and so on and so on and so on.... Until one day you have to look at the VIX and ask yourself: Could we be at a bottom? Is there risk that this thing could reverse? How much lower can it go?
(outdated VIX chart from last week)...McClellan uses this ROC, now below -36 (green line), usually takes a few days, but hints that we need to see spy approach lower band, nearer 172ish, in next couple of weeks...
<;)
"It requires, obviously, some luck and some good policy."
boring. but the consolidation usually favors bulls.
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Out of Bounds wrote:The VIX drops and stocks go up and so on and so on and so on.... Until one day you have to look at the VIX and ask yourself: Could we be at a bottom? Is there risk that this thing could reverse? How much lower can it go?
Aren't we at typically low levels?
Well we have been diverging since August... Indices making new highs.. but the VIX has not been making new lows... yet.
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