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To: NOW who wrote (62255)	12/26/2002 6:33:47 PM
From: jjstingray	Respond to of 209892

Nothing is coming up, can you recheck your post.

To: NOW who wrote (62255)	12/26/2002 7:20:09 PM
From: AllansAlias	Respond to of 209892

Dunno. I have not done a study to compare VXN (or one of its cousins) to actual volatility to see whether or not divergences are tradable. I am doubtful that it is useful, but until one does such a study, one should not trust one's intuition. The first thing to ask this person is how he/she is measuring "actual" volatility, as there are a number of methods.