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


To: Shack who wrote (39899)3/11/2002 4:06:28 PM
From: limtex  Read Replies (3) | Respond to of 99280
 
Shack (7th post) They can of course hang around that level for weeks.

Well that is now hard information. First for some tiem about our friend Mr VIX.

Hang around for weeks? How about months? Can it hang around below 20 for months or even years?

Still it doesn't answer the question as to how it know we are all watching it and using it? How on earth does it do that?

There must be intelligent life there. Softie used to go on and on about it. Actually I think there was one post last week where he hinted that he might lose confidence in the VIX.

Best,

L



To: Shack who wrote (39899)3/11/2002 4:08:23 PM
From: the_wheel  Read Replies (1) | Respond to of 99280
 
Does that mean we go straight up from here? I really need to know because I dont want to miss the boat or train or whatever. Just dont ask me to fly.



To: Shack who wrote (39899)3/11/2002 4:15:15 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Shack, actually, just prior to the late 99 blow up into March 2000, the vix was also extremely low, I think in the 20/22. Going back some 30 years, readings of the VIX n the teens have not created bottoms. I think that the VIX should be read in conjunction with its first derivative, namely, an extreme that changes direction, marks a bottom or a top (good to correlate with equity P/C ratio as well).

Zeev