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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: bonnuss_in_austin who wrote (10069)	3/14/2001 12:10:25 PM
From: stomper	Read Replies (1) \| Respond to of 10876

DJX is a tadable option on the DOW. VIX and VXN are simply volitility measures on options (and by extension, the market). -dave

To: bonnuss_in_austin who wrote (10069)	3/14/2001 1:33:52 PM
From: Poet	Read Replies (1) \| Respond to of 10876

Hi Bonnie, Stomper's right. Index options on the DJIA are "DJX" options. Index options on the Naz are "QQQ", "NDX" and "NDX minis". The VIX is a measure of volatility on the NYSE. The VXN is a measure of volatility on the Naz (and is new). Generally, these volatility indices are seen as contrary indicators, meaning when they're low they signal a market top and when they're high they signal a market bottom. The question, of course, is "How high is high enough?" The Vix has been climbing recently, but is still not close to historical highs of the 60 range. This combined with a lack of a classic capitulation (panic selling on high volume) lead a number of people to believe we're not at a bottom quite yet.