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Strategies & Market Trends : Ask DrBob
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To: longdong_63 who wrote (244)8/19/2000 2:09:19 PM
From: bcrafty  Read Replies (2) of 100058
 
Longdong: That VIX bothers me too, but
Dr. Bob evidently isn't too concerned in light of his
post #227. In fact he doesn't mention the VIX very often in his daily TAs, which makes me wonder....

So basically, I'm just very confused on the entire significance of the VIX.

Please correct me if I'm wrong on the VIX. In post #45504 on the old board Ihendren told to you "VIX less than 21... bloodbath (like April 2000), VIX greater than 30...back uo the truck. Yet in post #48196 lvlamb told you that he doesn't see the 20-30 rule statistically applying.

And then I read Paul Cherney who does a very basic TA daily for S&P at
www.personalwealth.com/cgi-bin/Web...STEP:research/Cherney On The Markets.

He says yesterday "The VIX closed below 20.00 (closed Friday at 19.42) which signals profit-taking pressures are mounting, but it will take a move in this measurement of volatility back above the 21.00 level to raise real concerns about downside."

If I'm reading him correctly, he's saying that a higher (rather than lower)reading would mean the market may be going down.

Please let me know your take on all of the above, as I really don't know how to interpret all this information, as it seems to me to be somewhat contradictory.
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