Rabu, 27 Mei 2009

TI Gapper Scan - ATI Mirroring VIX

ATI (lower 15min chart) hit one of my TI gapper scans today. Mid-day I noticed that the pattern in ATI was mirroring VIX (top 15min chart). The VIX tends to move inverse to the broad market (VIX moving up means market probably moving down). The main reason I like the VIX is because it usually has less noise - compare it to SPY, QQQQ, etc. Therefore, the turns and flags are more obvious (to me anyway). The action in ATI alone was compelling. Combined with the pattern in the VIX my confidence level was up two notches. Notice that the trendline breach and flag in VIX lines up perfectly with the respective features in SPY from Jamie's post below.

Tidak ada komentar:

Posting Komentar