AMEX:VIXY   ProShares Trust VIX Short-Term Futures ETF
2
VIX as one of my favorite indicators since it is real money and it is not able to be manipulated or distorted. There is no time lag to collect advisory opinion or to wait for open interest reports the next day. But the more you learn about any indicator, the more you will realize you can't have a "Holy Grail", but you can at least wait for the odds to stack up in your favor for trading so that the "path of least resistance" comes a bit more into view. If you really want to be long Volatility , you buy puts and calls on the underlying index. Time decay, or "theta", will eat away your capital every day. Theoretically, if you BUY and HOLD this ETF , you will lose all of your money in the long run. So don't marry this position. I see we are closer to support and think the market is overbought at resistance. This may be the lowest risk way to play a move down in the market. Cheers. Technical Tim, Monday, Jan 23, 2012 12:21PM EST

Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.