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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (10844)	2/28/2002 10:06:32 AM
From: J.T.	Respond to of 19219

3) BE RESPECTFUL OF ALL POSTERS. No bashing peoples ideas or opinions on the market IF THEY ARE BULLISH/BEARISH ****************** Steve maybe you don't know this, but you come across to many as very condescending and self-righteous about your methodologies. Not only to me, but to many people you come in contact with on SI. You have a confrontational style that is all your own. 'My system works and yours doesn't mentality'. You are free to your opinions of me but I call a spade a spade and I see you for what your are. I want you to know you can post on MITA any time you like, but simply tone down your approach with others and treat them with the same dignity and respect you would like to be treated. Best Regards, J.T.

To: Steve Lee who wrote (10844)	3/1/2002 3:32:32 PM
From: High-Tech East	Respond to of 19219

... Steve - FYI - from ContraryInvestor.com February 21, 2002 ... Life Has A Funny Way Of Trippin' You Up When You Think Everything's OK ... As you know, we have mentioned the volatility indices more than a number of times in the past. Measures of potential investor complacency as exemplified by the "price" of volatility. It just so happens that the QQV (the NDX 100 volatility index) hit a record 13 month low just last week. We've often mentioned the VIX (OEX Volatility Index), but it is important to remember that contract trading in the OEX has dropped significantly over the past few years. Largely in deference to new vehicles such as the NDX (QQV), the SPY, the DIA, etc., etc., etc. As such, the QQV takes on added importance in our minds. Even though the QQV has bumped along the bottom for a while now, it's when the QQV turns and starts to accelerate to the upside that the real trouble can begin. As with the VIX, anticipating the upturn is tough. It's a guessing game. Allowing it to "show" you can often be the more certain exercise. Will you pick off the top or bottom of a trade by employing this strategy? Absolutely not, by definition. Attempting to pick off tops and bottoms can often be a losers game. We just want the bulk of the middle of the trade. Ken Wilson