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To: Terry Maloney who wrote (252061)	7/24/2003 7:05:04 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

who cares. how do we short it? -g-

To: Terry Maloney who wrote (252061)	7/24/2003 7:08:13 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

I find that absolute levels in VIX aren't as useful for timing but rapid reversals are. trendvue.com When the market isn't plummeting (on a long term basis, as it was, but hasn't been of late) a 5 period RSI of VIX is can be quite useful in plotting major turns. Since the "news" today wasn't sufficient to scare enough shorts or bring enough buyers out, its certainly much more likely that the lower end of this trading range will now be tested. trendvue.com