conners vix buy signal today

I assume you would use $vix.x for the S&P and would use $vxn.x for the nasdaq?

I've only looked at the Connor's reversal book briefly and it mentions that if there are more than one signal, the chances are better for a successful trade.

Please let me know if I read this right. For $vix.x, CVR1 gave a buy on 9-24, 9-25, and 9-26. CVR3 gave a buy on 9-25. And CVR6 gave a buy on 9-26.

For the $vxn.x CVR6 gave a buy on 9-25 and 9-26.

I was using http://www.prophet.net/analyze/javacharts.jsp for the charts. There are more buy signals for the S&P than the nasdaq.

It will be interesting to see how this plays out.

Thanks for any replies.
 
Personnaly I don't like VIX as it is only a proxy and we don't trade proxy but price :), so I prefer to calculate the extreme prices zones directly (using probability law not my deterministic model). Example for the day we reached the top the prob zone was 9685.33, the other side was 9271.22 (which can be used as rough estimation of target that will be of course refined and monitored by my deterministic model):

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=340644>

The timing was given by the more sophisticated deterministic model see paragraph example with the pic of 9690 forecasted on 18/09 for 19/09
http://www.econometric-wave.com
 

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Quote from harrytrader:

Personnaly I don't like VIX as it is only a proxy and we don't trade proxy but price :), so I prefer to calculate the extreme prices zones directly (using probability law not my deterministic model). Example for the day we reached the top the prob zone was 9685.33, the other side was 9271.22 (which can be used as rough estimation of target that will be of course refined and monitored by my deterministic model):

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=340644>

The timing was given by the more sophisticated deterministic model see paragraph example with the pic of 9690 forecasted on 18/09 for 19/09
http://www.econometric-wave.com
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harry do you even trade or just talk about it. lol
 
Quote from vhehn:

looks like we had a cvr3 buy signal at close again today if my calculations are right. anybody feel like buying? i bought a couple things at the close for a trade. dont like the seasonal timeframe to go very heavy long.
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after yesterdays ramp i would say this signal worked great again.
 
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