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Vix is useful on a short-term basis (5-18 minutes) for calling intraday
fluctuations in equity indexes . It is also useful to time longer term shifts
in the indexes on a daily basis. If you use the McClellan Oscillator on @NA and
@ND you can get a good visual feel for breadth.
terrence
Ron Augustine wrote:
>
> For Intraday breadth, the Advancing Volume - Declining Volume on the Dow-30
> (INDU for BMI) is very useful.
>
> At 12:16 PM 1/27/99 -0600, you wrote:
> >Andy what index measures breadth if Any?
> >
> >Robert
> >
> > andy abraham wrote:
> >>I use a Vix system as part of my market allocation.. It is not
> >>perfect ( nothing is). I use it along with Market Vane data and use
> >>it to make up part of my matrix of scaling in and out of the Sp 500
> >>and Nasdaq. My model uses Sentiment.( which Vix measures)
> >>Breadth.. Momentum as well as Interest rates.. Below I listed my
> >>results..
> >> Sentiment I want to point out is early ...before market
> >>turns.possibly..... same with interest rates... they make up the
> >>envirnoment that we are trading in..I would encourage to use more
> >>emphasis on Breadth systems..and Momentum...they can be easy
> >>concepts.. use groups of systems because not one is the Holy Grail..
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