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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (67026)	9/29/2002 5:14:16 PM
From: bcrafty	Read Replies (1) \| Respond to of 100058

tooearly, the $VIX 50 reading isn't a target In fact, I don't have a specific target in mind. But if we get an intraday over 50 anytime soon, I'll be watching very closely, as I don't want to be caught on the wrong side of a 700 point intraday Dow move like we had on 7/24. In my prior post I was only noting how an intraday reading above 50 marked an intermediate term bottom (few weeks or months) at least a couple of times in the last few years. As for a target for a VIX reading for "the" bottom, during the 1987 crash we saw an intraday reading of 172, and we saw intraday readings over 100 for a week. maoxian.com What is your target for the next low (not "the" low, but the next intermediate term low)?