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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Dexter Lives On who wrote (10515)2/16/2002 4:58:22 PM
From: Killswitch  Read Replies (2) of 19219
 
Regarding the talk a few days back about the "low" VIX readings. I went back just now and looked at what the VIX looked like around Nov 1st 98 and 99 (both right after the Rydex ratio had peaked, and right as the market was starting to make a higher high), and in both cases it was at roughly the same point we are at recently. In 98 it looks like it was around 25 (and eventually made two lower lows well below 22.5), and in 99 it was around 22.5 (and also went below that afterwards).

So I don't see any disconfirmation of the idea that we might be about to rally here.
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