tag:blogger.com,1999:blog-6632462944102388509.post7064797962721126451..comments2023-09-25T05:21:38.485-07:00Comments on Fibonacci Financial: VIXRobert Campbellhttp://www.blogger.com/profile/09214258717538241014noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6632462944102388509.post-44835433011931175692009-11-26T10:10:22.571-08:002009-11-26T10:10:22.571-08:00Thank for your comments. I found a site that posts...Thank for your comments. I found a site that posts an interesting chart, and has a good description of the interpretation.<br /><br />http://www.market-harmonics.com/free-charts/sentiment/pcvi.htmRobert Campbellhttps://www.blogger.com/profile/09214258717538241014noreply@blogger.comtag:blogger.com,1999:blog-6632462944102388509.post-77808171563831059462009-11-22T22:35:39.359-08:002009-11-22T22:35:39.359-08:00You may want to skim over this ... http://www.cboe...You may want to skim over this ... http://www.cboe.com/micro/VIX/vixwhite.pdf .<br /><br />--CrushAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6632462944102388509.post-77306273830677418722009-11-18T10:03:27.862-08:002009-11-18T10:03:27.862-08:00I guess I'll pass on the VIX. Like you said i...I guess I'll pass on the VIX. Like you said it's used as a gauge of fear and complacency, but it seems too vague for me.<br /> <br />I asked about the VIX on Kenny's Blog. Here is the response I got. <br /><br />StilesBC wrote, in response to KumoBob:<br /><br />EW measures emotions. The VIX is an emotion gauge. Good fit. <br /><br />It seems to carve nice patterns as well. So if the primary count on SPX isn't clear, one can count the VIX and get a clue to overall market action.Robert Campbellhttps://www.blogger.com/profile/09214258717538241014noreply@blogger.comtag:blogger.com,1999:blog-6632462944102388509.post-3869585166111815802009-11-17T19:26:34.132-08:002009-11-17T19:26:34.132-08:00Bob,
I am trying to learn about the VIX as well. ...Bob,<br /><br />I am trying to learn about the VIX as well. You are probably aware that the VIX (equation) is derived from the premium on options near ATM.<br /><br />The option prices (premium) therefore affect the VIX. My guess is that the volume of options WRITTEN/SOLD by large institutions far outweighs the volume of options WRITTEN by individuals. By controlling the amount of volume on option writing, one could potentially control the premium, thereby affecting the overall VIX. The last few days the market has moved up, but VIX has resisted moving below 22/23 level. I am wondering whether this (A) simply implies higher fear (topping) even though the market seems to melt upwards; OR (B) after the market forces have sold put/call options at a higher premium here, market stays flat and lowers the VIX to deflate option prices. I am unsure whether this helps, but thought I'd discuss. --Crush (disqus.com/crush1618)Anonymousnoreply@blogger.com