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To: Boplicity who wrote (10024)2/10/2001 6:53:36 PM
From: allen menglin chen  Read Replies (1) | Respond to of 13572
 
<<I don't think the VIX matters much now. >>
I agree. VIX is for SP500.

VXN is the volatility index for NDX. Looks like they peaked @ 90 last mid April and late Dec when NAZ hit short term bottom. And VNX is @ the bottom around 40 when NAZ near the Sept 1 top.

VNX has moved up the last few days. +2.3 @ 65s Friday.

stockcharts.com[h,a]declynmy[dd][pd20,2][iUb14!La12,26,9!Lp14,3,3]



To: Boplicity who wrote (10024)2/10/2001 10:56:42 PM
From: bela_ghoulashi  Read Replies (2) | Respond to of 13572
 
From one of Yahoo's best posters:

messages.yahoo.com

MAJOR Nasdaq Support
by: tonytechcomm (38/M/Cincinnati, OH) 02/10/01 09:47 pm EST
Msg: 27611 of 27621

There is MASSIVE, long-term Nasdaq trendline support at 2400. While support levels don't always hold, this is the exact same trendline that supported the NASDAQ during the 1990 recession, the 1994/95 drop and the Asian Crisis in 1998. The NASDAQ has never closed a month below this support line.

Again, support levels are broken all of the time, but trends that have repeatedly held, and have existed for a long period of time (the longer the better, and this one is over 10 years old), have far better odds of holding.

We've never even closed a week below that trendline -- only briefly going below it intra-week during the week of 10/5/1999.

If you want to short, at least wait to see what happens at 2400. The likelihood of an explosive move upward from there is very high IMO.

Best wishes!
Tony



To: Boplicity who wrote (10024)2/11/2001 12:33:12 AM
From: Seldom_Blue  Respond to of 13572
 
I do not put much credibility into VIX as well. But if I remember right, it predicted the bottom in Jan quite well. I do not think it predict the sell points quite as well though.

Anyway, just looking for anything that will give me a clear buy or sell signal.

Seldom Blue