tag:blogger.com,1999:blog-7444476276287180978.post4220380322120004969..comments2023-11-20T05:15:20.137-05:00Comments on Behind the Headlines: Another win for the analysts - notMichael Kahnhttp://www.blogger.com/profile/10668546349672243203noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7444476276287180978.post-53798616564197854132008-06-24T18:05:00.000-04:002008-06-24T18:05:00.000-04:00But it is good enough!VIX staying low is by far be...But it is good enough!<BR/>VIX staying low is by far best expression of complacency of traders.<BR/>The mass senses downside probability exists, yet for various reasons, are not ready to act on it. Thus divergence manifests.<BR/>This type of uncertainty & complacency cocktail often ends with everyone rushing to the door at once=panic sell=climactic sell, of which and without, bottom cannot form.<BR/>A lot of traders must be assuming double bottom here, yet the chart seems to be telling another story...<BR/>Show me the VOLUME!<BR/><BR/>Regards<BR/>TCBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-69517360056489560492008-06-24T15:20:00.000-04:002008-06-24T15:20:00.000-04:00You cannot always get a good read from the VIX sin...You cannot always get a good read from the VIX since there are so many ways to lay off risk these days. What I see is some fear but nothing that would end the decline we've seen in the stock market. <BR/><BR/>As for the OTC stuff, yeah, it would not show up in the VIX since it is the CBOE index, not an all encompassing index of everything that trades. <BR/><BR/>Our indicators are good but they need tweaking to stay current.Michael Kahnhttps://www.blogger.com/profile/10668546349672243203noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-44500984241513298452008-06-24T15:08:00.000-04:002008-06-24T15:08:00.000-04:00What's going on with the VIX? I believe the Dow ...What's going on with the VIX? I believe the Dow set an new intraday low today, but the VIX is still hovering around 23. I thought I read something about big accounts buying options OTC which don't show up in the VIX --true? Is there an intentional effort to make the VIX misleading?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-82732188042698342502008-06-23T14:54:00.000-04:002008-06-23T14:54:00.000-04:00Not a chance. :-(Nobody is perfect in this busines...Not a chance. :-(<BR/><BR/>Nobody is perfect in this business, everybody gets hot and cold streaks and I will leave it up to the marketplace to decide if there is value in my work or the work of anyone else.Michael Kahnhttps://www.blogger.com/profile/10668546349672243203noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-67382800197178956862008-06-23T12:05:00.000-04:002008-06-23T12:05:00.000-04:00I suppose for readers of your column/blog this is ...I suppose for readers of your column/blog this is "preaching to the choir" to say that technical analysis is superior to fundamental analysis, and articles on the poor quality of analysts recommendations are easily found. But funny you should mention MarketWatch. There is a technician writing there that by my analysis is always slow to see the down side and rarely recommends short positions. I have often wondered if you would comment on a competitor's analysis.Anonymousnoreply@blogger.com