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To: AllansAlias who wrote (50673)8/19/2002 1:57:19 PM
From: NOW  Respond to of 209892
 
The must be bullish right? <It is nearly a straight shot down.>



To: AllansAlias who wrote (50673)8/19/2002 1:59:06 PM
From: NOW  Respond to of 209892
 
Where is the volume to confirm this bullish move up? who is doing the little bit of buying here by the ways?



To: AllansAlias who wrote (50673)8/19/2002 2:02:13 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Where do you have that SPX neckline? Looks like we're going to hit it on extremely low volume - 800 million NYSE shares with two hours to go.



To: AllansAlias who wrote (50673)8/19/2002 2:05:25 PM
From: JRI  Respond to of 209892
 
I've doubled up here...but this chew up up...is scaring the crap out of me..



To: AllansAlias who wrote (50673)8/19/2002 2:11:43 PM
From: velociraptor_  Read Replies (1) | Respond to of 209892
 
Yup...and the interesting thing is that the rate of descent on the VIX and VXN is normally what you would expect as a rate of ascent on the way up. It was different though. The VIX and VXN rose slowly with a lot of backfilling dropped sharply, completely opposite of how it normally reacts.



To: AllansAlias who wrote (50673)8/19/2002 2:18:57 PM
From: Les H  Read Replies (3) | Respond to of 209892
 
there's nearly twenty-five percent discount on the VIX
believe implied volatility is approaching 26-27 while the 30-day actual (from which the premium/discount is calculated) is 43-44
it rallied past expiration in sep 98 with big updays when this last occurred. i think there was a somewhat smaller negative spread at the May top, but this one is larger than 98 but much smaller than 87.

recent article on implied vs. actual

optionetics.com