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Strategies & Market Trends : Investor sentiment surveys - a technical indicator

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To: Q. who wrote (126)12/22/1998 2:41:00 AM
From: pcyhuang  Read Replies (1) of 167
 
Hi, John:

I am not Thomas Drake. But I will answer your question on the VIX,
which I deem to be one of the most important indicators that I keep
track of.

VIX is the volatility index of the CBOE's traded options. It tends
to have a relatively low reading (22) as it is now, portending a
market top. During the market bottom in Oct., the VIX had a reading
of over 60.

I hope this explanation helps.

pcyhuang
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