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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Morris Catt who wrote (37050)	5/18/2001 9:11:05 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Hi Mac, As you can see in the link in my post, the chart shows the VXN is currently at a 52 week low. I can see per your chart it clearly is not. My apologies :-\| I would think YAHOO would have the bad info. Thanks for pointing that out Mac. Welcome back to the porch! In any event, the VXN is already at extreme levels & is well below the recent low in Jan. FWIW, I put up a chart of the COMPX & one of the VXN, then flipped between screens. That gap down on the VXN slightly preceded last fall's meltdown on the NAZ right at the beginning of Sept. The NAZ was at a near term high at 4260. It looks like the VXN low there (40.56) was a few days ahead of the top on the NAZ. In December, the VXN appears to have peaked (almost 90) just about the same time the NAZ peaked (around 3030). A lower high in January (NAZ 2892) was proceeded by a lower high in the VXN (84) as well. We all know where the NAZ went from there. The VXN fell just as hard. I do agree with you, however, that the VXN could reach even more extreme levels & the market could continue to go up from here. Even with this more accurate information from you..... the VXN is now into extreme levels & bears watching..... don't you think? And considering how far the NAZ fell right after the VNX peaked........ I'd hate to see the VNX get to more extreme levels in here. OOF :-\| I would think that if VXN continues to fall to even more extreme levels, we could see the NAZ fall pretty far on the next downturn. Recent history appears to show that when the VXN changes direction it is a leading indicator of a trend change in the NAZ. Any thoughts? I'm going to be cautious in here on the long side. BWDIK? FWIW, the VXN is not the only indicator I look at..... since it's so extreme I have been more focused on it though. Ö¿Ö