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Strategies & Market Trends : Ask DrBob

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To: Louis V. Lambrecht who wrote (250)8/19/2000 11:48:34 AM
From: Joseph Silent  Read Replies (2) of 100058
 
lvlamb .... thanks for pointing that out ....

There does seem to be some confusion in the interpretation of the VIX.

Where it is now only suggests complacency and the start of a (big) move in either direction. Wherever it does end up reaching, fear will start to grow and it will bottom out again ..... no one knows where at this time.

It is not readily apparent that we head straight down now, though often people look at the VIX at this level and conclude this.

I'm wondering where the fund managers and window dressing fits in this picture. What is your feeling about the next two weeks and a near term top? Do we go up or down during window dressing? Or will it be before?

Joseph
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