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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (8603)5/3/2003 6:33:44 PM
From: Rich1  Respond to of 206809
 
Your comments to Kirk wwere not the issue.
Bulls and Bears get into it. We both knwo that.
Kirk knows his stuff if you check his thread on Suite 101 you would know that but I dont even know that you knwo about that thread.
As far as Velo he posted on Raging Bull or Yahoo one of those the top was in almost two weeks ago.
According to PM's I have received he is down over 1000 points on 2 DOW shorts.
Theres a lot of differnet TA out there. Bollinger says we are going higher. Todays Barrons says the Bull is back.
Plenty people say we are going to 6500. we will see.
As far as Da Cheif thats his sense of humor no different than yours or mine.
As far as sniing as Bears and Bulls there is plenty of that on almost all the threads.
I have seen it on yours also..
As far as the answer to my question I am not sure I asked one...<g>
In a perfect world Empire Maker would have won the Derby he had the best numbers..his sire and dam produced 4 Grade 1 winners...yada yada yada.
Instead the first Gelding in what 70/80 years won..
difference of opinions are good and thats what makes horse racing and the Markets....



To: Jorj X Mckie who wrote (8603)5/5/2003 12:50:50 PM
From: Kirk ©  Read Replies (2) | Respond to of 206809
 
VIX vs SPX

Here is a chart that I have with VIX lined up with the S&P500 (set up a month ago)

investorshub.com

take a close look at 1998 where VIX fell like a rock from two runs between 50 and 60 to two lows of 20 in just 3 months.

Now look at the chart right below and check out what the S&P500 did between those two time points.

Now compare this to what we are seeing today and what we saw in the bear market.

I don't think VIX on its own is a reliable indicator, but it sure was very useful for me to sell some bonds and buy some beta last fall when it lined up well with other indicators.