Browse Symbol Stacks: VIX: VIX.PNG
Have to figure out how to post so the image enlarges when clicked on..any ideas?
Who could not only ignore this chart but rate it a 3 Star??? Look at it and where we are now ! 5 right on, dead to rights, no holds barred, absolutely correct Head and Shoulders.
Yes, that worked really well. How did you play this one? I'm sure you did well if you were expecting such a large drop?
I was not short fueling this rally. the other point I was making is look at the large H&S pattern all of the smaller H&S's make up. And regardless of why or how, if a chart is 100% correct, why rate it a 3?
Why rate it a 3? Well, VIX is a mean reverting index so of course it's going to go under 20 at some point when it's well above historical norms. The $1m question is how do you play that chart. If it's not actionable, it's just a nice picture. Hey man, I'm not trying to pick a fight. Keep posting and keep up the discussion.
Sorry, Geoff..I was being too direct and didn't mean to seem edgy, really I am not. I really was talking with you as I would someone I know as that is how it seems to go often on SOH. The chart was actually posted awhile back and is already below 14.