Saturday, April 4, 2026

March 2, 2009

The VIX and the Bond

This is the story of a champion
Runners at the mark and they pop the gun
Stand up, Stand up
here he comes
Tell me what it takes to be #1
Tell me what it takes to be #1
-Kanye West

Below is a chart of the Volatility index ($VIX). The $VIX is up 5.12 as I write at 51.47. Watch for the $VIX to break out of the upper channel which I have highlighted on the chart.

The VIX

The VIX

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In my last display of trader art, the 10 year (ZN M9) was stopped out.

The first attempt at entry did not work. The second attempt may work. Small risks for big rewards. That’s how we roll. When we Trade the Picture.

Peace

Trader Art 1/^+*

Trader Art 1/^+*

3 Comments »

  • may the $VIX consolidate for a while and then break out the upper channel.
    the major index reaching support level from previous wave3 (wave 5 with less momentum)

    Comment by yuqing — March 4, 2009 @ 6:16 am

  • [...] The first of this series was featured in my post from March 2nd. [...]

    Pingback by Trader Art | Trade the Picture — April 5, 2009 @ 10:39 pm

  • [...] Bond futures, this picture mirrors the ETF symbol $IEF. The first in the series can be found in my post from March 2nd. The second is from my post April [...]

    Pingback by Trader Art | Trade the Picture — April 14, 2009 @ 11:55 am

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