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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Crimson Ghost who wrote (200)10/11/2001 2:44:13 PM
From: Zeev Hed  Read Replies (2) of 99280
 
Not just right now, however, vix is declining, the absolute value does not have much predictive power for short term move, the VI and VXN should be used at major turning points, IMHO. Right now, you have an equity P/C ratio under .5, indicating to me a short term pullback from the 1700, quite natural and healthy to maintain the longer term advance.

Zeev
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