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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (12845)	3/12/2002 3:45:59 PM
From: aerosappy	Read Replies (3) \| Respond to of 23153

Kb, we have debated the VIX from time to time. I am not certain that the VIX is a useful indicator. Look at early 2000, when the VIX hovered in the 20 to 25 range for months: <img src="http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=%24VIX%2Cuu%5Be%2Ca%5Ddbclyymy%5Bd20000101%2C20000630%5D%5Bpf%5D%5Bvc60%5D%5Bi%5D%5BJ2249111%2CY%5D"> In the second half of 1999, the VIX hovered around 22.5 -- <img src="http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=%24VIX%2Cuu%5Be%2Ca%5Ddbclyyay%5Bd19990701%2C19991231%5D%5Bpf%5D%5Bvc60%5D%5Bi%5D%5BJ2377934%2CY%5D"> ..... In any case, I appreciate the current downtrend. I have many calls (some covered, many naked) expiring this Friday. Now I may not have to buy back as many since they will expire worthless (e.g., PNRA March 55's, TECD March 50's and maybe the TECD March 45's). I also have a naked call position in QQQ March 35's, but those probably will need to be rolled prior to expiry.