NO Fear in Stocks = NO Bottom in Sight?

Discussion in 'Trading' started by shortie, Jun 26, 2008.

S$P500 Establishes Multi-Months Bottom at What Level?

Poll closed Jul 7, 2008.
  1. 1280

    6 vote(s)
    8.3%
  2. 1240

    10 vote(s)
    13.9%
  3. 1200

    4 vote(s)
    5.6%
  4. 1160

    9 vote(s)
    12.5%
  5. 1120

    6 vote(s)
    8.3%
  6. 1080

    9 vote(s)
    12.5%
  7. NO Bottom in Sight

    28 vote(s)
    38.9%
  1. The market is around Jan and Mar bottoms, YET VIX is nowhere the levels we saw back then. I am forced to conclude that the bottom will be significantly lower.
     
  2. VIX and SPY charts attached
     
  3. You have that right, next stop 10,747 on the Dow.
     
  4. great chart shortie, many thanks from surf shack.

    surf
     
  5. egg-zacktly








    pS
     
  6. We should hit VIX 25 at least if the S&P gets to 1250. That may be enough for a quick pop. But overall I agree with you - very complacent during the recent selloff. Reminds me of 2000 and 2001 when people were relaxed at new lows, continually bottom-fishing.
     
  7. Today SPY down, VIX down. Does not smell like a bottom. I expect the bottom to smell stinky with everyone crapping their pants. :D
     
  8. a major bottom without VIX getting overbought? I don't think so.
     
  9. Indexes making new lows, Vix no were near the previous lows. Looks like a divergence to me.
     
  10. Vix no were near old highs.
     
    #10     Jul 1, 2008