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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (64105)	5/30/2002 1:57:20 PM
From: Return to Sender	Read Replies (1) \| Respond to of 70976

No I don't want to buy the VIX. I want the VIX as a measure of volatility to help generate a buy signal for me on the semiconductor stocks I intend to go long on. If the VIX hits 26 it will be at the high end of the recent trading range. It will then most likely begin to fall as the SOX rises. So what I am looking for is 455 as a potential double bottom on the SOX: stockcharts.com[w,a]dhclyiay[pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G And 26 on the VIX to indicate we have reached enough extreme volatility that we shaken out the weakest hands: finance.yahoo.com Every time the VIX has traded to the higher end of its range the market has rebounded with some sizable gains for semiconductors. My read on the SOX chart suggests that in the absence of an earth shaking event we should bottom and be ready to turn higher by the end of next week. Of course I could be wrong. We could hit a temporary bottom before we hit 455 on the SOX and we could be headed much lower to retest the September lows. That is something I think could easily happen with a large enough exogenous shock. RtS