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To: Doo who wrote (20501)	11/9/2001 3:43:39 PM
From: AllansAlias	Respond to of 209892

Agreed. IMHO, all that matters is extremes and when it moves away from the market too quickly.

To: Doo who wrote (20501)	11/9/2001 3:44:16 PM
From: marginmike	Read Replies (1) \| Respond to of 209892

I disagree, Charting is suposed to track the psychology and trend of an index or stock. The prices paid for volitility is as good as anything to chart to discern the markets changing feeling's towerds risk and what to pay for it.

To: Doo who wrote (20501)	11/9/2001 4:57:24 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Jeff, I agree on your take on the VIX On the hourly charts I've been watching the VXN hit the lower BB this week and early in the week it was not so hot as a sell indicator as it has been in the past. You're right it's just in indicator, but it's one that has to be looked at in conjunction with others to be useful, IMO. My friend Louis likes to plot the RSI on it and see it <30 when it hits the lower BB for a sell signal, and we never had that setup on the hourlies this week. But conceptually that's a little twisted (RSI on the VXN), isn't it?