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To: Jim Willie CB who wrote (11213)	4/5/2000 9:51:00 PM
From: Grandk	Read Replies (3) of 35685

Anyone pay attention to the VIX? I am reading over on the 'clown' thread that Luc is excited about a high VIX. However, for as long as I have been in the market, a high VIX (especially one above 30) has always retreated, and ushered in a market rally. If the markets 'fear' level is so high, wouldn't that be a contrarian indicator? I know I am asking a lot of questions with a hint of desperation. The reason is, I'm sitting on some (currently) ITM options that expire in April, and don't really feel like watching them disintegrate due to a Naz meltdown.

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