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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4980)	8/21/2002 11:46:03 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95420

It is relevant in my opinion. Here is a source of information on the relevancy of the VIX and its 10 day moving average: hardrightedge.com Snip On the other hand (I know, give me a one-handed analyst!), the VIX remains stretched away from its 10-day moving average (i.e., a CVR III sell signal) and the market still remains overbought based on price and average advanced/decline readings. Therefore, there is probably some more corrective action ahead. Hopefully, this will be completed in a somewhat orderly fashion. I'm also anxious to get this late-summer choppy trading behind us. Based on the above, I'd would continue to keep it light. I personally believe the VIX has a great deal of intrinsic value. It moved up yesterday as the market fell. It is currently down as the SOX rises. Draw your own conclusions but if the SOX ends down today it's far better than even money that the VIX will end the day higher. Obviously I hold the reverse to be likely as well as relevant. If the VIX closes lower today then the SOX will most likely be higher. RtS