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To: Warpfactor who wrote (6579)	8/8/2001 7:02:30 PM
From: aerosappy	Respond to of 23153

VIX description, per StockCharts.com: stockcharts.com Also, you can sign up at CBOE.com for a free daily e-mail of VIX, Put/Call and other data: cboe.com

To: Warpfactor who wrote (6579)	8/8/2001 7:04:29 PM
From: Gottfried	Respond to of 23153

Warp, good topic. I found an article on VIX and learned from it. stockcharts.com excerpt Conflicting signals between VIX and the market can yield sentiment clues for the short term, also. Overly bullish sentiment or complacency is regarded as bearish by contrarians. On the other hand, overly bearish sentiment or panic is regarded as bullish. If the market declines sharply and VIX remains unchanged or decreases in value (towards complacency), it could indicate that the decline has further to go. Contrarians might take the view that there is still not enough bearishness or panic in the market to warrant a bottom. If the market advances sharply and VIX increases in value (towards panic), it could indicate that the advance has further to go. Contrarians might take the view that there is not enough bullishness or complacency to warrant a top. Gottfried

To: Warpfactor who wrote (6579)	8/8/2001 11:03:07 PM
From: Sharp_End_Of_Drill	Read Replies (3) \| Respond to of 23153

Warp, I may or may not use the VIX in the same way as other folks. What I do is look at the absolute number and trend on a longer time frame than the daily period link I've been posting. Here's the link, hit weekly to correct the time period: finance.lycos.com You can see that it nailed the time to buy January 2000, sell in March 2000, buy in August 2000, dump in late December, nailed the strong buy in early January 2001, likewise the need to sell end of January 2001, and so on. I view it as an intermediate term tool that has correctly called all the major turns in the last year. Right now it is screaming sell. Sharp