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


To: Joan Osland Graffius who wrote (11972)12/20/1997 2:22:00 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Joanie, that's baloney!

On October 27th the market fell 550 points and VIX went from 30 to 55 and settled at 40, up 10 full points! Yesterday, the markets were down 300 points in the morning and closed down 90. And what did VIX do? Went from 28 to 35 and settled back at 29. BIG WHOOP! It AT LEAST should have closed above 30... probably 35 would have been a good place for it... but MR MARKET is telling us something! AND IT AIN'T GOOD!

So I don't know what is coming next week, but I believe we ALL will be surprised! The only advice I can offer is to stay loose!

Bill