Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (2370)	6/21/1999 12:14:00 PM
From: John Pitera	Read Replies (1) of 63513

Right now it is as low as it has been in a long time and has been dropping. This indicates a topping. But if it is that low, it could be starting to move up which would be a sign of bottoming. correct on the first statement, incorrect on the second statement, If the VIX is at a low and starts to move up that means that the mkt has started to sell off and we would use our basket of trusty tools to lets us anticipate a bottom in stock prices. THE VIX can easily get up into the mid 30's during a stock mkt decline, and last summer we made it into the 40's and even low 50's at the end of AUg and Oct. those were the highest levels we have seen since it's inception in 1993.

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