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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: limtex who wrote (39905)3/11/2002 4:21:43 PM
From: Shack  Read Replies (1) of 99280
 
I think you're deluded. In the time frames we trade, it DOES NOT hang around these levels long before a sell-off and a VIX spike. More accurately for this type of market, the indices do not continue rallying until fear is "refreshed". And indeed during the late 1998 to 2000 bull, we had repeated VIX spikes to the 30 area to 'allow' the market to continue its upwards assault.

There is no mystery here. We are now at a 10 day VIX reading where tops occur. The only question remains is it just a minor top or something greater.
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