Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (19481)	7/6/1999 12:33:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

I would guess this was caused by covering of OI. Gersh

To: James F. Hopkins who wrote (19481)	7/6/1999 12:43:00 PM
From: pater tenebrarum	Respond to of 99985

Jim, re: VIX: there was a surprising surge in demands for OEX puts today, of the near-term variety expiring in july. it seems some money managers have decided to hedge their bets. regards, hb

To: James F. Hopkins who wrote (19481)	7/6/1999 2:13:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

James, if you read those links i posted on the VIX, Schaeffer has a nice little study using 20 day bands on the vix and a pop out of those bands depending on which direction is usually a sign of fear or complacency. We popped out three times to the upside in May and early June, so evidently enough fear was generated to create the power to fuel this rally. Somebody buying poots today and at the end of the day friday sending the vix back up. The Vix bottomed on dec 23rd and the market peaked on 1/6, so it's not unheard of for the vix not to turn on a dime with the market. bb