
actio-et-reactio
Balance is but a brief transition between extremes.
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Saturday, October 14, 2006
VIX is High, VIX is Low...
the old adage is...
"VIX is high, time to buy
VIX is low, time to go"
But like many things, it is relative, to prior hi/lo to some extent, and to recent behavior. The later is why so many people have given up on VIX...having nearly flatlined into a relatively low range, they toss it out as if it's no good. However, using rsi as a helper to gauge the relativeness has still snagged the wee pullbacks on this Daily chart. It also works pretty cool intraday.

Labels: chart-analysis, sentiment
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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