Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Davy Crockett who wrote (5515)	12/16/2001 2:31:23 AM
From: nspolar	Read Replies (2) of 36161

Anyone have a comment about the Friday spike in the OEX VIX? It spiked from near 25 to 35, but finished not far from the low, in the lower half of its Boll band. The spike was apparently due to a similar event in the OEX. The NAS VIX showed no such anomaly, but has of late been increasing very steadily, from fairly consistent low values. I make no claim to be a VIX expert and don't have the historical experience to quantify any claims. Based on a few historical charts I've looked at however this anomaly could be a warning shot across the bow so to speak, for longs. Am I looking for something that isn't there .. since I'm short and into PM's? Based on other market technicals sure can't see a rally. See a lot of danger signs. But given the irrationality of recent nothing ST would surprise I suppose. If gold is up hard come Monday, look out is what I'm thinking. I do agree market technicals have been very hard of late to consistently interpret. But this doesn't mean one shouldn't try. There is still info there. Any VIX experts care to comment?

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