Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: limtex who wrote (115539)	3/13/2002 8:16:39 PM
From: Dexter Lives On	Read Replies (1) of 152472

Do you know the difference between correlation and cause and effect? That's the same difference you'll see between VIX as a useful trading tool and VIX as a powerful predictor of market moves. VIX doesn't predict market moves, but it does help assess the likelihoods of a change in market direction and the magnitude of that change. For example, if there's a significant spike or drop in VIX (all else being the same, which it never is of course) that often helps identify the next move. It's still an art form using it (best used in combo with other indicators), but the strong inverse correlation between changes in VIX and changes in the S&P 100 Index (i.e. market returns) is statistically valid and irrefutable... IMHO. Rob

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