SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lee who wrote (10041)1/31/2002 5:22:50 PM
From: Joe Smith  Read Replies (1) of 19219
 
Although my feelings are similar to yours, I might point out some possible openings to JT's hopes. Look at August of 2000. One might have shorted there with VIX at relative lows in low 20's. Yet there was another 10% left of insane complacency that took the VIX below 20 and the NAZ above 4000 with the run that summer looking very similar to the run this winter. This does seem to be a perfect setup for such "panic buying" just as panic selling took us way beyond 40 in September.

But, just as in September, the VIX will revert to its norm. It was impossible for the VIX to stay in the 30's forever giving strength to the rally through October, November and December. We will see a VIX in the 30's sometime this Spring I would assume, giving us retests in the 1700's or lower.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News