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To: The Ox who wrote (40200)9/16/2008 9:20:23 AM
From: Gottfried2 Recommendations  Respond to of 95882
 
Ox, you are so right about the volatility whimper. In Sept 2002 Bernie Schaeffer called for VIX of 100 and I wrote a post refuting that notion siliconinvestor.com

[some linked charts may not work any more.]

Bernie may have been wrong about VIX but he forgot more about options than I'll ever know.

Thanks for your excellent chart!

PS: here's my Sep 2002 "die with a whimper" post with charts siliconinvestor.com



To: The Ox who wrote (40200)9/16/2008 9:53:00 AM
From: Return to Sender2 Recommendations  Read Replies (1) | Respond to of 95882
 
The VXN Chart below clearly shows the positive divergence that took place leading up to the October 2002 major market bottom. Note how much higher the lower low was in October 2002 than the recent high of the VXN. What does that mean?