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

To: Zeev Hed who wrote (42252)	3/20/2002 2:28:35 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

a ^VIX specialist was just interviewed on Bloomberg TV. First thing he said "forget the rule sell at 20 and buy at 30 as it is ticket to getting killed". He goes on and stresses for one to concentrate on moving averages 10day and 20day.Presently he notes ^VIX has spent a month below 20mda and says this is showing significant complacency and he expects a shorterm sell-off and THEN back to rally mode.This fits with the scenario we have running---but give me that sell-off:) Most important thing he said i don't know quite how to chart,i need get that set up.But he said watch for 10% above 10mda and 10% below 10mda for buy/sell signals in near term. Also,as you have noted Zeev, he said measure VIX relative to its recent movements. That is why i myself and getting highly interested in following the RSI of VIX and not it's number. An RSI below 35 to 30 is revealing a real consistency. ^VIX RSI yesterday was 38. We have not gone below 30 in 3-years of the RSI of VIX measures i have studied so far.Max