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Steve,
I certainly agree with you.
There was a discussion about RVIX some days ago.
The basic argument was some VIX or RVIX price levels.
For this period, ^VIX D_sat was cool enough to overcome these [wrong]
price levels. It does not mean that D_sat is T/A A to Z. It is just
cute [and probably more useful than arbitrary price levels and
advertised material "VIX WILL NOT GO LOWER etc. etc". ]
Even the recent RVIX lowest is not robust, IMO.
I noticed relatively low volumes yeasterday. The market is o/b, no
doubt about it, but will not loose 30% in a week, sellers are smart
enough not to push prices for a sharp decline. the reason is
simple:Since they can sell many shares at this level, they will wait
the market to some probable double peak.
Of course this is my personal short term estimation.
Thank you for the interesting note.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Steve Almond (F)" <steve@xxxx>
wrote:
>
> Dimitris,
>
> The VIX D_sat has picked some excellent tops (on the ^NDX, for
example) over the past few years (look at 2/Dec/2002 or 29/May/2001)
but, like all indicators it isn't foolproof. See attached chart for
30/Nov/1998.
> (And if you don't have data back to that time - I think you should
have....)
>
> Steve
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