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Strategies & Market Trends : Tech Stock Options
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To: Steve Swanson who wrote (57858)11/20/1998 12:20:00 PM
From: donald sew   of 58727
 
Steve,

The VIX moves in reverse to the OEX. The VIX is a measure of what the market is willing to pay for OEX options. Its on the premise that as the market goes up the market is not as willing to pay that much for the options and vice-versa.

The VIX broke a strong support line (24-25 range), which is actually a bullish signal. I believe that the lowest the VIX has been for the past year is in the 18 range.

Seeya
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