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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (3142)9/21/2002 2:21:27 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 25522
 
From Schaeffer's article-

Forget "high" VIX numbers like 56 and 57. At a climactic bear market bottom, the VIX will come in north of 100, as it did in October 1987. I'm glad you asked - the VIX peak in October 1987 was 172.79.

See my question about collars in the last post.

The CBOE equity put/call ratio 21-day moving average will post readings in excess of 1.00. The highest such readings since 1990 have been in the 0.75+ area.

We already have this, P/C is way over 1 now (not the 21 day but its coming we've been over 1 p/c for a while)

There will have been many consecutive months of equity mutual fund redemptions, climaxing in an off-the-charts single-month figure.

We have this too.

L



To: Lizzie Tudor who wrote (3142)9/21/2002 2:25:16 PM
From: Gottfried  Read Replies (1) | Respond to of 25522
 
Liz, it's fun to come up with analogies for panic spikes in VIX. Puncturing a fully inflated tire vs puncturing one that has leaked for while comes to mind. G.