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To: ajtj99 who wrote (122329)	7/27/2005 9:05:18 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

LOL! I am not really a perma bear.... at least I hope I'm not. Yes it's interesting that VIX was rallying along with the markets in 1999. that turned out to be a bullish thing. But even so, the index was a good deal higher than where it is now. Long term $VIX: stockcharts.com[g,a]maclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

To: ajtj99 who wrote (122329)	7/27/2005 11:55:03 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

ajtj & ski, actually the VIX bottomed December 93 stockcharts.com[e,a]whcayyay[d19900630,20041217][pb20!b50!b200!d20,3][vc60][ill14!la12,26,9!lh5,3!lb14][j11779009,y]&listNum=16 The article below was written in February but still holds true, especially the last paragraph: The intended take-away is to be wary of becoming aggressively bearish without confirmation. While the Volatility Index is arguably sending a bearish intermediate-term signal, one would be well advised to lean on alternate indicators to confirm or deny any bearish near-term bias. marketwatch.com{66766B7D-4382-45A3-8C38-A92511B43F1C}&siteid=mktw&cbsReferrer= I think SPX 1253, the .62% fib retracement of the entire bear, would be a nice spot to begin the decline. It fits in with Onischka's scenario, too