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

To: Benkea who wrote (21315)	7/28/1999 5:56:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

Benkea ; I see that too, however I have some reservations about taking any indicator to far back in time and or assuming some fixed arbitrary value of the past will indicate a change today and the more back we go the less value we can place on what or where it was then. --------------- Other things have defiantly changed, I do use the VIX but it's relative to a shorter time frame. As I understand it , the VIX is measuring the OEX sentiment..well last July the OEX was more dominate than it is now, the NDX has taken over..MSFT has more market cap than GE , BUT you got me thinking..I'll have to pull up the OEX stocks and see how many of my most active traded stocks are in it. Or did you see my list.. AOL, MSFT, IBM, INTC , T , LU , GE, YHoo, Dell , Csco , & Wcom how many of them are in the OEX ? Another thing about historic values , is looking back then to see What the most active were, and if the OEX had em, In other words to keep our eye on the ball we need to look at where the trading action is, and where it was back then or we may not have apples to apples. Every thing has to be checked out, or we become victims of change and don't know it. The vix is still good but I'm not sure were the value should be and won't buy into "traditional" values on much of anything, as doing so leads to archaic "old man " views. I'm old but try not to think like some troglodyte. Jim