You have to decide upfront whether the VIX is a leading or lagging indicator to the underlying market. Even then, it can be in its own little world. :eek:
You have to decide upfront whether the VIX is a leading or lagging indicator to the underlying market. Even then, it can be in its own little world. :eek:
It works well within the context of Intermarket Analysis- market relationships- Ive done a lot of charting-its a decent indicator- it helps in confirmation or reinforcing my opinion.
The number itself doesn't mean much to me - I'm more of what some call "discretionary". The old saying "low , time to go and high time to buy seems true enough though.