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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4384)	8/20/2001 9:10:03 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

one addendum on the VIX..... from Jay Shartiss, I'm not sure that 28 is the buy level on the VIX, but the idea or an era of reduced volatility numbers in the VIX and VXN is definitely in the cards.....imo. I think we may see a point down the road where the VIX and VXN reading converge to similar readings. John . Jay Shartsis VIX 8/17/01 12:44 PM ET I have been asked about the VIX, as it is not so high here at 26, though it is up 2 points today. I can build a strong case to support the idea that the VIX is now in a lower range that will reflect the much-reduced volatility that will characterize the market for several years. The very high VIX numbers seen in the big breaks of 1997 and 1998 for instance, up to the 50 to 60 level, was probably the result of the very sharp corrections that are seen in bull markets. That era has passed. A 28 now I would rate as a buy level, not far from where it is currently.