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Strategies & Market Trends : John Pitera's Market Laboratory
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To: isopatch who wrote (5044)11/15/2001 2:33:20 PM
From: John Pitera  Read Replies (2) of 33421
 
thanks for that. The VIX has fallen back to it's 200 dma at 27-28, (it's a bit below it today), that 27-28 level
is also the former resistance level that acted as a ceiling for the VIX during the summer. If it acts as a floor near
term, we could see the VIX move back into the 30's maybe to 35. What would cause that? a sell off in stocks for
a few weeks, and obviously all the Key averages are just below their 200 dma's.

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