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To: marginmike who wrote (60773)	1/23/2001 1:05:45 PM
From: Les H	Respond to of 436258

looks like a sizeable spread between sentiment (VIX) and actual volatility ivolatility.com

To: marginmike who wrote (60773)	1/23/2001 1:25:07 PM
From: pater tenebrarum	Respond to of 436258

yes. but up until now the fact that the VIX refused to back down was definitely a bearish sign. VIX suddenly giving way is bullish for the short term. you're right of course that if it falls below 20, it will be in complacency territory again.