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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (6577)	8/8/2001 4:14:31 PM
From: Warpfactor	Respond to of 23153

It looks like we are at the crossroads again. Both the NASDAQ and DOW are at the low levels of their trading range of the past few months. If this low range doesn't hold - then look out below. I'm betting that the panic selling met with the strong support in this range will provide a springboard at least to the top of the range (DOW 10700). However, by playing with Diamonds, I'm not taking the risks that I have in the past, where I'd seek out high beta techs in order to magnify a rebound effect. Warp

To: Sharp_End_Of_Drill who wrote (6577)	8/8/2001 6:02:49 PM
From: Warpfactor	Read Replies (3) \| Respond to of 23153

Sharp, Evidently several people here use the VIX to gauge the state of the general market. I personally have never been entirely comfortable with VIX as a predictive tool. My impression of VIX is that it provides a great sell signal when volatility is high after a major bull run, or it can provide a solid buy signal following a significant bear stretch, signaling a period of panic and great indecisiveness among market participants. However, to say that the VIX is currently giving a bearish signal doesn't quite wash with me. I don't equate how the lack of volatility can be interpreted as bearish (in a bear market), or bullish (in a bull market). I perceive lack of volatility as a neutral non-factor Thats the way I see it. Possibly someone can direct me to a primer on the VIX? I could stand for a little more education on it. Warp