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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (36086)	3/2/2002 10:30:13 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 99280

yup. And those spikes below 20 were pretty good at identifying tops too. Nice thing about the VIX is that it is a slow indicator. Getting a VIX reading below 22 or 20 doesn't mean that we are going to selloff tomorrow. But it does tell me that the upside potential is limited and that I should be positioned more defensively.

To: Ibexx who wrote (36086)	3/2/2002 4:20:13 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 99280

The vix or the previous volatility measure used 20+ years ago, I can't recall the name, has always been low after a recession. . The problem is that it is not really a solid measure of actual volatility. If for example, the nas opened down 100 on Monday but then rallied to up 1000, the vix or vxn would probably be down for the day. IMVHO, it may well turn out that the vix dropping in the face of a 20% nas correction was the best signal we can get. If we are entering a multi year period of low volatility, we are indeed on another bull run. I have now said this about 30x since the bottom so I will back off now. Scouts honor.