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发表于 2009-6-5 09:54 PM
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是啊，要随机应变，及时调整战略，目前来看，股市还有上升空间！！！
The recent gains in the VIX when it should theoretically have been declining as the market rallied is "a warning that nothing is one-way forever" (and smart money is presumably responsible for this divergence). While this presumption may prove to be correct, it is also possible that the recent slight uptick in the VIX will prove to be yet another brief interruption in the ongoing VIX decline and will thus have no negative implications for the stock market.
One indicator is the volatility skew on the VIX options, and it has strongly suggested that VIX option players are in the smart money camp. Simply put, when VIX puts become expensive relative to VIX calls in the extreme, the VIX is likely to turn lower. And when VIX calls become expensive relative to VIX puts in the extreme, the VIX is likely to head north. Though VIX calls have in fact grown more expensive relative to VIX puts, we have not yet noted an extreme in this relationship, which to us signifies that the VIX may have some further retreating to do before it bottoms. This in turn would provide further breathing room for the market to extend its gains. |
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喧嚣卡
变色卡
