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Today´s session is another small proof. ^VIX seems to loose the
reaction . Life is never easy with price levels.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Ken,
> thank you for the interesting site, you always take care of the
list
> and many readers appreciate it !!
> The text is somehow simplistic, covering mainly step 2 [horizontal
> support]. It gives extra emphasis to this element,
> although it is not [IMO] the A and Z of T/A.
> No, there are not magic reaction levels and 0.73 was just repeated
> sometimes in the past [what would the author write with
> the last 0.658 !!!], because RVIX is closely attached to price, it
is
> not an oscillator.
> On the other side, I am not the right person to comment these
charts,
> I have never used such long time frames as 200MA
> [I usually work with 30-40 bars indicators, maximum 80bars for some
> Slow Stochastics like the below described Sqrt]
> There is a beauty in 200 or 250MA, no doubt, I have met serious
> analysts working exclusively these frames, but, it is not my style.
> The same comments for the recent RNDX.** Although past levels
rarely
> exceeded 1, we are above 1 for more than 28 sessions WITHOUT ANY
> SPECIAL REASON and without any super bullish events.
> If you were considering 1 as the reaction level for RNDX, you would
> Short the market on March13 and you would loose the whole part of
the
> recent [not so important] NDX uptrend.
> Note also that the recent military affairs confused the market a
lot.
> If nothing else, this fact will cause a 20days delay to anything
was
> planned before [fibonacci time zones fans will be slightly
inaccurate
> in their calculations this period !!]
> A final note : Some upcoming results may be good and give another
> plastic impulse to the market.
> As for myself, despites #6th paragraph, I am very happy to be >80%
> cash this period, waiting for more clear signals.The last long
> positions were closed last week, [except the miserable WN03 !!], no
> important new Shorts, just waiting.
> Thanks again
> Dimitris
> ** Try a
> C0=Foreign("^NDX","C");
> Plot(C0/MA(C0,200),"RNDX",1,8);
> C1=Foreign("^VIX","C");
> Plot(C1/MA(C1,200),"RVIX",4,8);
> in a database including both ^NDX and ^VIX
> --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx> wrote:
> > Dimitris: you may want to read about Relative VIX at
> >
> >
> >
> > http://www.zealllc.com/2003/rvix.htm
> >
> >
> >
> > Let me know your reaction...if you have one.
> >
> >
> >
> > Ken
> >
> >
> >
> >
> >
> > These are the main ^VIX graphs I watch everyday.
> > 4. and 5. say that we expect a new N100 bearish period.
> >
> > 3 says to wait for a great "Buy the Market" signal more than 20
> bars.
> > The results are yours.
> > Dimitris Tsokakis
> >
> >
> >
> >
> >
> >
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> >
> >
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