Monday, October 11, 2010
Are My Eyes Fooling Me?
Is there a bad data feed? Those were my two first thoughts when I looked at the VIX, remember, low readings indicate complacency and lead to sell-offs, high readings indicate fear and lead to rallies. Look at the plunge today in the VIX.
3 comments:
The two bigs things to not today is the VIX and the dollar in my opinion. I also have noted that QQQQ looks like a superb double top. I actually have not seen this comment on to many sites which is odd and might mean that it could stick as a double top for the market longer term.
Brandt,
What are the 3C readings on the VIX at multiple time frames?
3C data for VIX is only daily. However, looking great for us.
I don't *think* 3C can pick-up on a market statistic. It needs volume. Hence we have 3C for the ETFs, DIA & SPY, but not the actual indexes. You could run 3C on VXX (or is it VVX?), but it's kind of a strange beast for a variety of reasons and might not give a good signal.
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