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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (48024)	8/6/2000 11:51:17 PM
From: Atin	Read Replies (2) \| Respond to of 63513

Numbers near 20 on the VIX signal complacency -- which based on a contrarian outlook is actually bearish for stocks and usually happens near market tops. Similarly numbers above 30 signal fear and is usually near market bottoms. We saw numbers higher than 30 in April/May, just before the "summer rally" in late May/early June. If the VIX is hitting new lows, that is a bad for the market because a lot of people are behaving in a complacent manner and when they panic, we'll see a selloff. At least that is the way I was told the VIX works. The VIX is based on the SP100 options -- I'd like to see one based on the QQQ options. -Atin