Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 672.07

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Nov 13 4:00 PM EST

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To: yard_man who wrote (25369)	10/4/2011 7:04:54 PM
From: Lazarus	1 Recommendation Read Replies (2) of 218768

look at a chart of the VIX. the 10 year chart shows a peak of 89.53 in '08 but that wasnt the market bottom. when the market bottomed in march of '09 the VIX was 53.25 in 2010 the high on the VIX was May 26 @ 46.20 the market low for 201o was June 21 and the VIX the high on the VIX that day was 30.41 with a low of 22.67 so your notion that the VIX must needs be higher for this to be a bottom makes absolutely no sense at all and has no historical basis to it. i cant even imagine why you would say such a thing among (unless maybe you're stuck on the short side) but really now. this "bad sign" indicator just needs to be ignored. ....i'm not saying the market has bottomed -----> just saying if you think it hasnt you need to make a compelling argument that reasonable people can find credible.

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