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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (19839)	7/6/2001 12:55:49 AM
From: Pink Minion	Read Replies (1) \| Respond to of 30051

An interesting article on VIX and it's movement by Lawrence G. McMillan: esignal.com It is also interesting to note in how many of the thirteen cases the market moved up after a low $VIX reading was established. That is, the market move that followed was on the upside. This generally flies in the face of "conventional" wisdom about a low $VIX reading. That is, most people say that a low $VIX reading means the market is topping out. The data proves otherwise, although what is probably behind this thinking is that the three major declines (1996, 1998, and 1999) all started from low $VIX readings in July.