tag:blogger.com,1999:blog-897456774486153841.post7635879592069938369..comments2008-03-19T09:10:05.268-07:00Bill Lubyhttp://www.blogger.com/profile/01241003017364820134bill.luby@gmail.comBlogger4125tag:blogger.com,1999:blog-897456774486153841.post-82924912607138255112008-03-19T09:10:00.000-07:002008-03-19T09:10:00.000-07:00Thank you Bill, I understand...<BR/><BR/>Since today (Weds) is the last day trading index products that settle this Thursday a.m., instead of the usual Friday a.m., due to the Good Friday holiday, I expect traders with SPX, OEX, and/or RUT positions may be a little busy today. :)<BR/><BR/>tntFelixhttp://www.blogger.com/profile/08973121802521561266noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-5668189585277499712008-03-18T22:34:00.000-07:002008-03-18T22:34:00.000-07:00Hi Anon,<BR/><BR/>Most of the charts I post here are from StockCharts.com, including the ratio chart above. To add one (or more) chart to an existing chart in StockCharts, go to the "Indicators" pull down menu and select "Price." "$SPX" is the default security, so enter any other ticker you wish to use, then in the "Position" pull down menu change "Below" to "Behind Price." If you wish to make further changes to the new overlay, click on "Advanced Options" to the right of the "Position" column.<BR/><BR/>Felix,<BR/><BR/>I hear you about a good VIX chart. I had something else in mind for tomorrow, but if things are quiet enough, I can't see any reason not to double post. I'll check my bag of tricks and see what looks interesting.<BR/><BR/>Cheers,<BR/><BR/>-BillBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-3684332522333040262008-03-18T14:52:00.000-07:002008-03-18T14:52:00.000-07:00Great post, Bill. I believe the good folks at IBD use a similar methodology as one of their measures to assess the 'quality' or strength of the current/prevailing trend.<BR/><BR/>But I was kinda hoping you'd say something about the VIX' action over the past few days. The last three market sessions have been pretty wild, and the VIX dropped nearly 6.5 points on the last trading session before MAR settlement tomorrow morning... on the heels of a solid spike and three-year closing high Monday. <BR/><BR/>The cash VIX came back from being stretched way above its 10d EMA yesterday to close today below its 50d SMA. A ten point swing from yesterday's highs to today's lows... for an underlying that is in the low thirties/high twenties. Yikes!<BR/><BR/>Of course, the VIX futures (and options underlying) did not swing as much as the cash did, but they had their own wild behaviors over the past three days. If anyone was on the wrong side of the move, I feel for them... and for those who were on the right side, you lucky (and smart) dogs! :)<BR/><BR/>Any thoughts (not predictions, lol) about where the VIX goes from here? :)<BR/><BR/>tntFelixhttp://www.blogger.com/profile/08973121802521561266noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-91652994731196612322008-03-18T14:30:00.000-07:002008-03-18T14:30:00.000-07:00Bill,<BR/>How do you put one chart behind another in the fashion you so often do? You use stockcharts.com, correct?<BR/><BR/>ThanksAnonymousnoreply@blogger.com