thanks, ...others chose not to respond because they probably thought ,, how the f did this idiot lose that on vix ? those where times i was all in and making a bundle on other trades, thought it would be a good hedge , it had worked out the first time.... then it didn't anymore and i leaned the lesson.
In conclusion, i agree with you , if i think the vix will rise i might as well sell long positions, it is just so hard to let go of any my long thought out dividend payers....but i know i i have positions i should get defnsive right now... just talking myself into it..
I did not read phils post closely enough. He actually has it stated backwards for the purpose of using the VIX as an indicator. Note while the VIX is cuurrently low indicating a complacency towards future volatility; that complancey is not being confirmed by other contrarian sentiment indicators such as AAII survey and Investor's Intelligence survey. Put/Call ratios were getting stretched on the Nasdaq and CBOE but not on the ICE. But recent action has backed those P/C ratios down and other momentum oscillators have been working back from overbought areas.
Shoot I meant his other post about the VIX. He has it correct above. I will blame flu/cold meds. I tried to post where people could find these other indicators at (AAII etc) but Yahoo prevented the post because of the links