No, but it seems a little behind in calling buy signal. (Kidding here)
I think we all knew the time to buy the vix was last week when Sundancer got a email from a friend telling him of a very large vix buyer that showed up, and made a large purchase.
1135-1160 estimate for today (25 points – ~1.5 times the usual range) 1144.25–1169 actual range today (14.75 points ) Market was ~9 points higher than what Carl expected.
well me too!
Now you're kidding… Ha Ha
I was just playing… you know that. I like Mole, and yes we have all made good and bad calls. I'm first to admit that… LOL
Oh wait, I think what Mole meant was VIX buy signal on equities.
it's been backtesting the TL that held it during 11.2.2009 high & 2.5.2010 high
I'd like to see a new trading range of 30 – 60 on the $VIX versus the 15 – 30 that we've been in.
well, you know Mole has some good calls and bad like the rest of us
No, but it seems a little behind in calling buy signal. (Kidding here)
I think we all knew the time to buy the vix was last week when Sundancer got a email from a friend telling him of a very large vix buyer that showed up, and made a large purchase.
you pay any credence to the vix buy signal?
Yeah it's highly probable the terminal value was put in today, but that doesn't mean the market falls out of bed tomorrow
May is the most active month of 2010 with my ritual sequences so the rest of the month should be volatile.
I have 2 minor sequences next week on the 18th & 19th.
Carl at day’s end:
1135-1160 estimate for today (25 points – ~1.5 times the usual range)
1144.25–1169 actual range today (14.75 points )
Market was ~9 points higher than what Carl expected.
Trades: No trades
Grade: C (lost no money)