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Technology Stocks : Semi Equipment Analysis
SOXX 291.39+2.8%4:00 PM EST

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To: Gottfried who wrote (4983)8/21/2002 12:34:27 PM
From: Return to Sender   of 95474
 
>When it moves down and stays down, signals are absent.<

My point is that the VIX is not likely to move downward without some movement higher towards the shorter term moving averages. When the VIX becomes stretched too far from the 10 day moving average something has to give. Obviously the moving average can and does move downward but the VIX can also spike back higher. When this happens the SOX generally falls.

Lets wait and see what happens over the few days before we pass judgement on the usage of indicators of this particular indicator please.

Thanks, RtS
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