VIX??????

Larry Connors (Trading Markets) was actually on Bloomberg the other day talking about VIX and his CVR's (Connors VIX Reversals). The next day or two could be a significant reversal in the market if we make a VIX lower low over the last 5 days, then continue to close higher than we opened on that particular day. This signals that fear in the market is too low at this point, and even more so b/c we're approaching a 52-week low, then you get short the spooze, spys, e-minis whatever and hold for 2-3 days. I'm very interested to see if it plays out.
 
Hi,

I saw the posting on VIX and would like to know more about the indicator (?). Presumably VIX refers to "volatility index" but looking through my T.S.6 canned indicators I didn't see it listed. Is it something only used for options, or can equity swing traders use it to their advantage also? If so, how?
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In TS6, the vix is not an "indicator," it is an index. The symbol is $vix.x

nitro
 
Also from thestreet.com, I got a neat idea attempting to explain the subdued VIX readings. The theory is based on the long convertible bond, short call strategy that a lot of people are using these days. With the massive amount of conv bonds issued last year and so far this year, there is a corresponding massive amount of calls written. All this supply of calls, so goes the theory, helps to make volatility "cheap".
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This is very satisfying. Do you have a link to the article?

nitro
 
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