Big Dog's Boom Boom Room Message Board

STOCKTALK

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject	3/12/2003 3:02:08 PM
From: Big Dog	of 206138

Dig this guy's flash report just out (Richard Band)... Yes, I know I struck a cautious note as recently as last Friday's Hotline. But this volatile stock market can change colors in a matter of days or even hours -- and now, it's my pleasure to report that my indicators are turning green again (favorable for stocks). It's time to step up our buying. As you may recall, my chief gripe about the market last week was that the options speculators were too complacent. Today, they're shifting decidedly toward alarm. (At major market turning points, these crapshooters are nearly always wrong.) This morning, the Chicago Board VIX Index, which measures the level of fear among options traders, shot above 40 -- its highest reading in a month. I doubt we've seen the final high in the VIX yet, but we're closing in on it.

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