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To: jjstingray who wrote (77834)	7/23/2003 8:49:39 PM
From: marginmike	Respond to of 209892

16-18

To: jjstingray who wrote (77834)	7/23/2003 8:57:21 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

jj, I agree with both of your comments Yang is certainly confused on both his data and his perspective. And, like you, I've had a VIX 18 target for months now.

To: jjstingray who wrote (77834)	7/23/2003 9:28:07 PM
From: John Madarasz	Respond to of 209892

The guy is hardly an idiot. He was talking about 4/19/02

To: jjstingray who wrote (77834)	7/23/2003 10:08:30 PM
From: NOW	Respond to of 209892

look, the market hasnt budged while VIX is going down. "classic wave 2 stuuf"

To: jjstingray who wrote (77834)	7/23/2003 10:36:18 PM
From: skinowski	Respond to of 209892

The line in your chart is horizontal. However, if you connect the VIX lows of the past several years, you'll see that the line is trending up slightly. The line which connects the few of the deepest spikes is near 20, maybe just below. So, is the long-term VIX trend going to break down and proceed to crash - in the midst of what is still a Bear market? Or, is it going to bounce? Some of the times when the VIX made major lows were: 7/98, 7/99, 8/2000 (remember?) 7/01, 3/02. Not exactly a glorious parade for the bullish side. And yet... every single time when this happened people (obviously) thought that the rally was far from over. Won't hurt being careful here.