Hi Waggie, thanks for the educational part on the VIX. I knew the high level to be around 60 but could not find the original article and took a "guess- estimate" on the lower side. And on the bull/bear market? I singed with "just my 5 cents worth stirring". I apologize, I should have made it clearer that I was saying it only with tonque in cheek. Take care.
it does not matter anyway. the market is going to hit a new high and then COLLAPSE!!!! UTTERLY COLLAPSE! s&P 500 = 600 NASDAQ 100 = 500 DOW = 5000 these are just some rough estimates. it could be lower or just a tad bit above these price levels. by the way: no mechanical system will ever be able to tell you that!
Contrarian I like the alias . Big question is however WHEN? The market can keep going longer in a direction than that a trader can stay solvent. Take care.
No problem at all. Here's a simply link to the old VIX for the past 10 years via Yahoo Finance: http://finance.yahoo.com/q/bc?s=^VIX&t=my&l=on&z=m&q=l&c=
Third time's the charm! http://bigcharts.marketwatch.com/qu...&sid=0&o_symb=us:VXO&freq=2&time=13&x=19&y=14
Looking at the 10 year chart of the VIX, you can see the VIX touched 10 during 1994-96. Still a lot more downside for the VIX if it really goes to support. Market might have more room on the upside.
Please use me as a contrary indicator, because I'm neutral right now. I'm even considering starting a thread, "Dow will defintely hit 10,000", or "S&P looks good to 1100". Considering it. Good trading to all.