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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pittman who wrote (9813)	11/16/1997 12:40:00 PM
From: kas1	Read Replies (1) \| Respond to of 94695

vix is volatility index for the market as a whole. (is it based on sp500 or what?) and i think that there's another index that is the volatility of the vix itself? a little hazy here. (welcome back, bill! i hope you are well-rested and ready to make money.)

To: Ed Pittman who wrote (9813)	11/16/1997 2:48:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Hi Ed, If you ever want to check on what a poster is responding to, just click on the post number beside your name in "To" above... it will come up for you so you don't have to seach for it. VIX is the volatility index. They calculate it by the two closest out of the money OEX options I think... and I think it is current month. VIX is really the FEAR index... when it skyrockets, people are afraid. What it can tell us is that in a major sell-off and no major jump in VIX, complacency rules. However, that has NOT been the case thus far and so we can expect more on the upside. So far, I have Monday (tomorrow) as the weakest day of this week and Tuesday the next weakest. This is from my Barron's forecaster I use. That could fit with what you see in your indicator which is... (name that indicator!) Regards, Bill BWDIK?