A new subscriber asked in the chat room whether I track the Volatility Index.  I haven’t done so in the past, but I will if it promises to give us an easy ride to profits. One thing I like about the VIX is that the puts and calls look fairly liquid — unlike those in, say, gold.  Also, my hunch is that VIX is not as heavily scrutinized and over-traded as some of the vehicles we trade, and that means that it could be less tricky to mess with.  A negative is that VIX has been range-bound for the last three months. Regardless, I have little doubt that its impulse legs and ABC patterns work the same as in any stock, index or futures contract. At the moment, I don’t see any glow-in-the-dark opportunities, but Pivoteers will have gleaned from the accompanying hourly chart that it wouldn’t take much for VIX to signal a breakout. Notice that a print at 44.92 would exceed two “external” peaks, including a subtle look-to-the-lefter; also,  a  b-c pullback from just above  it would offer some camouflage for making entry with the trend.  In the chat room, Newbie mentioned some promising new way of “rhythming” one volatility index against another. Let’s please hear more about this, since it may provide opportunities that we can exploit in our own unique way.