No Timing Trigger Today

[nodoodahs]

http://billrempel.com/2008/01/22/no-timing-trigger-today/

Despite quite a large opening spike in the CBOE’s Volatility Index (VIX), the Timing plan did NOT trigger a change in model allocation from the prior update. The methodology uses the closing value of the VIX, rather than an intraday high or average intraday measurement, but this is the not the culprit behind today’s “no trigger.” Indeed, using the intraday high for both the S&P 500 and the VIX (the combination most likely to exceed a “buy trigger) yields a ratio still slightly below that necessary for a change in model allocation.

My opinion is that the market reached a trade-able capitulation bottom this morning.

That being said, the Timing plan isn’t tracking my opinions – it’s a system that is being tracked mechanically, just as the other systems are being tracked. It could be correct while my opinion is not, or vice versa. Time will tell.
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I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.