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

To: Lucretius who wrote (23001)	8/5/2001 9:39:59 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Luc, more important than the actual value of the VIX and VXN , IMTO, is its derivative, or the direction in which it goes. I believe we have a good sign that it has bottomed here and is going to start and go up again. The fact that in late 1999 early 2000 we had a fed panic (huge injection of money) in front of Y2K, does not really matter, VIX and VXN can be used to "measure if fear is increasing or decreasing, it actual value , while important, is not that critical for short term moves. It may not go much above the 29/30 area before we bounce again in the markets. Once we see a turn around the 40 or so on the VIX, we may have one brick in place for at least a temporary bottom like the January and April bottoms. Zeev PS, as for being banned, well, you ban some people as well, so you should accept being banned just as well. (g). We have a "master stalker" on this thread, but no one think any longer of banning him, he is simply ignored by a good 80% of the thread participants (vbg).