tag:blogger.com,1999:blog-897456774486153841.post3704566779805031224..comments2024-03-28T06:07:36.391-07:00Comments on VIX and More: A Weekly Perspective on the FXIBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-897456774486153841.post-14632657244468305722008-06-13T04:31:00.000-07:002008-06-13T04:31:00.000-07:00One major annoyance trading FXI (also with IFN,EWJ...One major annoyance trading FXI (also with IFN,EWJ, etc) is that atleast on a short term basis, they correlate more with the US market than with the index of the their respective countries (as they are supposed to).<BR/><BR/>This makes them little more than leveraged plays on the US market.<BR/><BR/>Right now the Chinese market ($SSEC) is highly oversold and due for a bounce. Even if I'm right and it does bounce, I have no confidence FXI will reflect it.<BR/><BR/>-KSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-43740922000064062422008-06-13T04:15:00.000-07:002008-06-13T04:15:00.000-07:00http://www.tsptalk.com/comments.htmlis a good site...http://www.tsptalk.com/comments.html<BR/><BR/>is a good site too;<BR/><BR/>thx for your work!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-88730099463582019622008-06-12T10:41:00.000-07:002008-06-12T10:41:00.000-07:00Bill,Thanks for the information. I mentioned the L...Bill,<BR/><BR/>Thanks for the information. I mentioned the Linear Regression Channel because I recently learned about it (I think Tom Sosnoff from ToS brought it up in a lecture) and it seems to be a pretty reliable mean-reversion technique.<BR/><BR/>--SteveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-91883367470261705292008-06-12T10:12:00.000-07:002008-06-12T10:12:00.000-07:00Hi Steve,The indicator/system I use incorporates s...Hi Steve,<BR/><BR/>The indicator/system I use incorporates some aspects of historical volatility, implied volatility, and momentum, so I am not surprised that there is some correlation with the standard deviation approach you describe.<BR/><BR/>Of course oil and a number of other factors could shoot down a bounce in the FXI, but I think the odds favor a FXI bottom in the 130-135 range.<BR/><BR/>Cheers and good blogging/trading,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-26266647648865904212008-06-12T09:46:00.000-07:002008-06-12T09:46:00.000-07:00FXI hit 2 standard deviations below its linear reg...FXI hit 2 standard deviations below its linear regression line on the 3 month daily.... is that close to your trading idea?Anonymousnoreply@blogger.com