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To: HoodBuilder who wrote (10921)	4/24/2003 5:43:26 PM
From: quasi-geezer	Respond to of 11447

<<I know Mike, the vix is no longer a reliable indicator but I will still grasp at straws until the camel's back is broken. >> VIX is and will be a reliable indicator, it all depend how you use it, if you go short just because it went under 25, then you might feel the pain, just like any indicator, it can stay overbought/oversold for awhile before it reverses, I think we need to see it reverses before we go to the short side ...

To: HoodBuilder who wrote (10921)	4/24/2003 6:30:31 PM
From: Win-Lose-Draw	Read Replies (2) \| Respond to of 11447

$vix is as reliable as anything else. it's just being misused. we're in a bear market, it's measuring bear complacency, not bull complacency. (that assumes it is a measure of complacency, which it technically is not.) watch for a $vix reversal while the market is still climbing as a clue that bears are completely freaked and the top is near.