1 day late - on speculation? Sent from my HTC
-----Original Message----- From: Gautam Bajaj <[email protected]> Sent: 29 April 2010 12:54 AM To: [email protected] Subject: {GS} [Equity + Nifty - Positional Strategies] VIX breakout? Take a look at the attached chart of the VIX. It "seems" to have broken out. What does that mean to me? Well, if the VIX is in an uptrend, the Markets (Nifty/Sensex) will correct. On the other hand, if VIX is in a downtrend, the markets experience new highs. I do not know if this is a FALSE breakout. However, all break-outs usually retest the base of the channel before moving up. If we did see a break out today, we can expect the VIX to retest the base and then move up - this could indicate that we may see a few bullish days before moving DOWN Alternatively, if the VIX heads back down below the channel we may have another upmove for a new high. Keep in mind the dates that I wrote about - 5th and 7th May could be days when Nifty is at it's lowest. Let's see how this spans out. For tomorrow - Nifty will retest 5240 / 50 / 60 (try to short at higher levels - May Series) and hold until the 5th / 7th of May. We will look to buy stocks around this time frame. Read more below about VIX: What is VIX? India VIX, a volatility index based on the Nifty 50 Options prices, thus reflecting the market’s expectations of volatility over the near term. The India VIX is a simple but useful tool aimed to assist investors in regulating the overall volatility of the market. The volatility index is not only used as an indicator of implied volatility of the market but also provides information on various tradable pro [The entire original message is not included] -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
