Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: Kayaker who wrote (45041)	10/17/1999 12:39:00 AM
From: Kayaker	Read Replies (1) of 152472

Dang! We're back! Another indicator, from weekly options article in Barron's.... The stock market's sharp break Friday in response to Greenspan's growlings and some inflationary data generated a relatively rare bloating of index-option prices on an expiration day, when implied volatility tends to be dampened. The CBOE's Volatility Index, a measure of investors' demand for protection, shot to an intraday high above 35 at the open, territory not seen since January 15. The last time the VIX breached the 30 mark, on September 24, it was mentioned here that it's been a pretty good indicator that the market was prone to rally over the short term. And in the two weeks following that session the Standard & Poor's 500 Index managed to climb 4.6% to its recent high of 1336 on October 8, before beginning the current selloff. interactive.wsj.com <requires subscription, but I pasted all the good stuff>

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