Registered: Aug 2010
05-22-13 10:06 PM
Quote from Maverick74:
The relationship of the SPX to it's 200 day is for the most part normally distributed and when compared to it's own values, you get a decent "relative" perspective on things. I don't think this is telling us anything that we don't already know, it just displays that insight in a more visual manner.
Good point, and it does put a perspective on this crazy low-vol climb to the stratosphere. The fact that we're 3 stdev out from a long MA actually surprised me. But it explains how antsy I'm getting.