Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Justa Werkenstiff who wrote (31486)	2/20/2002 9:28:30 PM
From: exp	Read Replies (1) of 99280

Justa: Good points, however, IMO higher VIX in Sep 01 than now was a function of a LONGER and DEEPER correction in SPX from the highs of May till Sept 01 (from 1316 5/22/01 to 1073 on 9/10/01 or 243 pts) vs the SHORTER and SHALLOWER correction in SPX from Jan highs till now (from 1177 on 1/07/02 to 1074 on 2/20/02 or just 103 pts). VIX measures volatility of OEX options I believe so VXN or QQV is better measure for NAZ/NDX. Still, YOUR CENTRAL argument is correct: we need to correct more to get more fear displayed by VIX/VXN. So, let's say NAZ 1630-1700 seems a minimum target to get ANY kind of reasonable intermediate bottom.

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