Monday, November 17, 2008

Volatility to Become More Volatile?

Click charts to ENLARGE.

Would a more volatile VIX (via the narrowest range of seven sessions) to the DOWNSIDE, mean less volatility for the market? Or could a break to the upside create chaos?The VIX at an NR7 (narrowest range of seven days) crossroads.
__________________________________________________Among the CHOSEN ONES, some NR7 candidates.
__________________________________________________
CARA 100 NR7s (price expansion setups)
__________________________________________________Google (GOOG) has an NR7 look also...and trendiness south. Will it explode south and retest 280, or get a 'Turnaround Tuesday' boost and go for 317?
______________________________________________________Using the Square of 9, we can see some Key Squares as the recent low of 280, with 264 below, 297, and 315 above. By the way, here's my favorite link for creating Gann Squares
__________________________________________________________
My goal is to help traders/speculators think about different ways to think about market action. I have a lot of influences in developing my approaches:
  • Dave Landry and trends
  • Mark Boucher in thinking about market fuel
  • W.D. Gann in considering time, trend, Fibonacci numbers and more
  • Linda Raschke's use of oscillators in developing trading strategies
  • Tom DeMark in his buying and selling exhaustion
  • Tony Saliba and the power of butterflies
  • Larry Connors in his mentorship of my son in developing trading algorithms
Every day brings a new challenge to the three-dimensional (price, time, sentiment) analysis of markets. It's a journey not a destination.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.

0 comments:

Post a Comment