i tend to think at least short long term trends rather than day by day stuff. the s&p 100 volitility index is way too much out of my league. i cant believe that it makes any difference over more than a few days of trading. once it has a following though that in itself can make it useful for trends. such as the dogs of the dow theory. it worked looking back and continued on, as so many people bought the stocks, but alas, the smoke cleared and the dogs of the dow barffed. maybe it will prove out i dont know.

i like the spiders idea but i usually stick with individual stocks. though shorting the spiders when the market is stumbling works, maybe. i havent messed with QQQ yet.

at this point in the market im thinking that the bet is to follow what the big funds are doing as they will push those sectors up and then get out quick as the fanfare dies. but as i say i dont trade too much that way execpt to make big plays when i see something that is waky.